Energy advisory and classification society DNV GL is set to combine its oil and gas and renewable energy businesses into a single entity as it continues to adapt to the unfolding energy transition.
The new Energy Systems business area will provide DNV GL’s certification, advisory and digital monitoring services to “the entire energy value chain”, the Oslo-based organisation said on Tuesday.
“The move will better reflect the emerging energy future, which will see renewables take a greater share of the energy mix and decarbonisation become a major focus,” DNV GL said.
The company said it will “continue to work with the oil and gas sector as it refocuses on decarbonisation”, including an increased emphasis on natural gas, set to become the single largest energy source by the middle of the decade, DNV GL said.
The Energy Systems business, with some 4000 employees, will start operating from 1 February and will be led by Ditlev Engel, chief executive of DNV GL’s current energy business.
The company also announced the acquisition of US-based Energy & Resources Solutions (ERS), an engineering consultancy with about 80 employees with expertise in renewables, electrification and distributed generation technologies.
Engel 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 optimise 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’” Engel said.
DNV GL earlier announced that it will be known as DNV from 1 March 2021, dropping the initials that it added after the 2013 merger with longtime collaborator Germanischer Lloyd.
The company has grouped its services — maritime classification, energy consultancy and certification, and business assurance — in what it calls three “houses” consisting of approximately 12,000 employees.