Wood Mackenzie, the energy data analyst, has acquired US land and grid intelligence firm LandGate as it prepares for electricity demand to grow at an unprecedented pace.
Founded in Denver, Colorado in 2016, LandGate offers insights to inform investment decisions for data centres, power and renewables projects, and other energy infrastructure assets.
Jason Liu, CEO of Wood Mackenzie, which originated in Edinburgh, said: “Wood Mackenzie is committed to providing the data, analytics and insights our clients need to make critical decisions in an increasingly complex energy world.
“The system is becoming more interconnected and companies that rely on siloed approaches will be left behind. “
He said the acquisition gives customers “a uniquely connected view of where demand is growing, how the grid must respond, and where capital should flow.”
Wood Mackenzie began in 1923 as a small Edinburgh-based stockbroker and by the 1970s had become one of the top brokers int the UK, renowned for the quality of its equity research.
In 1973, the firm published its first oil report, beginning a new era. It first cultivated deep expertise in upstream oil and gas, and nows offer the same level of detailed insight for every interconnected sector of the energy, chemicals, metals & mining, and power & renewables industries across the world.
It has undergone a number of ownership changes and in February 2023 it became a portfolio company of Veritas Capital, an investor at the intersection of technology and government.
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