Renewable energy software provider Radian Generation has acquired Proven Compliance Solutions Inc. (PCS), a consulting firm that assists utilities with NERC Reliability Standards compliance, critical infrastructure protection (CIP) and operations and planning (O&P) across North America.
”We believe compliance and cybersecurity are critical elements to ensuring the resiliency of the grid and the future of renewables,” said Kellie Macpherson, executive VP of compliance and risk management for Radian Generation. “PCS brings some of the industry’s most seasoned veterans and serves many influential utilities. Together we can support our customers’ ability to deliver reliable, sustainable, and secure power to the grid.”
PCS also brings specialized CIP cybersecurity resources and compliance monitoring activities including mock audits and audit support.
“We share a common commitment with Radian Generation to help companies meet their NERC Reliability Compliance obligations so that they can focus on optimizing the generation, storage, transmission, and distribution of reliable energy. We are seeing rapid additions of renewable energy assets from our customers,” PCS President & CEO, Crystal Musselman.
According to the International Energy Agency (IEC), the global annual renewable capacity increased by almost 50% in 2023 to nearly 510 GW, making it the fastest growth in two decades. Furthermore, the U.S. Energy Information Administration (EIA) forecasts that renewables will make up 81% of new U.S. electric-generating capacity in 2024. This exponential growth is fuelling demand for new projects, and owners have a complex landscape of regulatory compliance and cybersecurity to navigate. Radian Generation is now the best equipped company to serve this market.
This latest acquisition is backed by 424 Capital, a capital partner that partners with companies in the technology and tech-enabled services sectors.
