DNV GL combines Oil & Gas and Power & Renewables businesses
By:
Tom Russell
26/01/2021
DNV GL
DNV GL, the assurance
and risk management company, has announced plans to combine its current
Oil & Gas and Power & Renewables businesses into one new business
area called Energy Systems.
The move aims to better reflect the emerging energy future, which will
see renewables take a greater share of the energy mix and decarbonisation
become a major focus. Energy Systems, which will start operating from February
01, 2021, will provide certification, advisory and digital monitoring services
to the entire energy value chain.
Ditlev Engel, CEO of the current Energy business area since 2016, will
lead the new business area, which will consist of approximately 4 000
energy experts.
“The creation of Energy Systems is our response to a rapidly
changing energy market in search for deeper decarbonisation,” said
Remi Eriksen, Group President and CEO of DNV GL. “We want
to enable our customers to tackle the energy transition – faster.
By combining our expertise, we will better serve customers operating in,
and entering the energy market. This new structure will help
us serve all players in the energy market.”
Whilst renewable energy is increasing market share, DNV GL will continue
to work with the oil and gas sector as it refocuses on decarbonisation. DNV
GL expected the sector to play an essential role in the energy transition
with natural gas set to become the single largest energy source by the
middle of the decade, whilst hydrogen, ammonia and carbon capture and storage
will be important tools in the low carbon toolkit for the hard to abate
sectors.
Ditlev Engel, CEO – Energy Systems, said, “Joining forces in Energy
Systems gives DNV GL the size to work with the key industry players to
help scale green energy technology and optimize safety from production
to consumption. There is no hiding from the fact that we are on course
for damaging global warming, but we have the technology to transition faster.
I see a greater willingness amongst policy makers and companies to speed
up the decarbonization of the sector and we at DNV GL are ready to play
our part, so we can tackle the needed energy transformation much faster.”
DNV GL is a provider of advisory services to the power, renewables, gas
and offshore industry, whilst its certification services are needed to
help green technologies to scale safely. As part of a strategy to grow
in key markets, DNV GL also announced the acquisition of US based engineering
consultancy Energy and Resource Solutions, Inc. (ERS). Consisting of around
80 experts, ERS, like DNV GL, aims to support customers to manage and reduce
energy costs through program design, outreach, implementation and evaluation
services. ERS will be an integrated part of DNV GL.
On the acquisition of ERS, Eriksen added, “Given the speed of the energy
transition, it is natural that we look outside our own organization for
acquisition opportunities. The domain expertise and digital first
approach demonstrated by ERS is aligned with our vision and services, and
I am sure our customers in North America and beyond will be delighted we
have even more experts in our ranks.”
The decision to create the Energy Systems business area was taken after
a strategic review of DNV GL’s business, which also led to the renaming
of the company to DNV from March 1 2021.
