Power Factors and BNZ sign long-term strategic partnership

Madrid, Spain, 14 May 2025 — Power Factors, the leading renewable energy management suite provider, has signed an exclusive partnership with BNZ, an independent power producer specializing in the development, construction, and operation of renewable energy projects. Through the partnership, Power Factors will supply on-site and remote monitoring and controls with Unity Supervisory Control and Data Acquisition (SCADA), a scalable and efficient management system, and Unity Power Plant Controller (PPC).  

This agreement enables BNZ to optimize its renewable energy management through real-time monitoring, enhanced performance, and seamless integration of multiple energy sources across its current and planned portfolio of renewable energy assets. 

Power Factors’ SCADA and PPC technology has been deployed across all six BNZ sites in Spain and Italy, totaling 174MW of installed assets. These projects, brought online over the last 10 months, are the first installations of Power Factors technology within BNZ’s portfolio. Collaboration between Power Factors and BNZ could continue on a wider range of planned solar PV assets across Europe, potentially bringing total management capacity above 1.7 GW as additional projects come online.  

Choosing Power Factors streamlines development and asset management for BNZ, simplifying the oversight of its assets and unifying its fast-growing portfolio under a single technology. In doing so, the company also strengthens its broader goal of deploying an aggregated renewable energy portfolio across Europe. 

This successful collaboration also paves the way for BNZ to integrate battery energy storage system (BESS) technology, enabling the company to stabilize the supply of renewable energy and maximize revenue from its portfolio. 

^{Alya Solar plant (image courtesy of BNZ Energy)}

Julieann Esper Rainville, Chief Executive Officer at Power Factors commented: “We have the utmost respect for the BNZ team, their visionary expansion strategy, and what they have already accomplished. Investing in lean operational processes and infrastructure is essential for BNZ to achieve its ambitious goals for growth. By partnering with Power Factors, BNZ is reducing complexity from the start, which will pay dividends time and again as the company executes on its strategy in the years ahead.” 

Peter Karam, Operations Director at BNZ said: "This agreement with Power Factors marks an important step in our commitment to delivering high-quality and efficient renewable energy solutions. As BNZ grows to meet our ambitious targets across Europe, we need the right technology partners to help simplify operations and maximize the performance of our assets. This is a great opportunity to do so alongside strategic partners who share our vision for a more sustainable future.” 

As interest in clean energy accelerates, this collaboration lays the foundation for long-term sustainability across Europe and beyond. BNZ, part of the Nuveen Infrastructure portfolio managed through the Europe Clean Energy Fund III — one of Europe’s largest renewable energy investment funds — is clearly committed to continuing along this path and supporting the transition to renewable energy. The decision to partner with Power Factors, a key technology provider, will help bring this ambition closer to reality. 

About Power Factors 

Power Factors unifies renewable energy operations from the sensor to the cloud. Its next-generation Unity renewable energy management suite (REMS) is one of the most extensive and widely deployed solutions in the market, enabling the growth of renewables in more than 70 countries. Power Factors manages 25% of the world’s renewable energy data in the markets it serves, with over 300 GW of wind, solar, and energy storage assets managed across 600+ customers and 18,000 sites. Through its combination of hardware, software and services, Power Factors supports the entire energy value chain, from monitoring and controls to market participation. The Unity REMS suite of open, data-driven applications is built for scale, empowering renewable energy stakeholders to collaborate, automate critical workflows, and make more informed decisions to maximize asset returns as they grow. 

Learn more at powerfactors.com.    

About BNZ 

BNZ is an independent power producer (IPP) that develops, builds, and operates renewable projects with more than 1.7 GW of European renewable investments in development, construction and operation in Spain, Italy and Portugal with a clear goal: the production of 100% renewable energy to help our economy to achieve a greener future. The company’s team is highly experienced, with a combined expertise of over 100 years in the renewable energy business and a full commitment to combating climate change and reducing CO2 emissions.