DNV has formally opened its new Clean Technology Centre (CTC) in Singapore

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CTC Managing Director Bjorn Tore Markussen (left) Minister of State for Trade and Industry Mr Lee Yi Shyan, and DNV’s CEO Dr Henrik O Madsen at the opening ceremony.

DNV is leveraging on the rising demand for clean technology (Cleantech) innovation and incubation services in Singapore and South-east Asia by establishing its new Clean Technology Centre (CTC).

In a speech at the opening ceremony, DNV Chief Executive Officer Dr Henrik O.Madsen, said that a growth rate of 30% per cent a year in South-east Asia is sustainable and the centre in Singapore will be at the heart of this growth.

“In the area of sustainability, we see Asia as a region that will develop a lot as the population and wealth increase along with higher energy needs and the corresponding strains on resources here,” said Dr Madsen.

The CTC, part of DNV’s existing Technology Centre in Science Park, will focus on six core areas of green shipping and offshore solutions, green port solutions, renewable energy, clean conventional energy solutions, urban solutions and carbon market services.

“Our decision to establish CTC in Singapore shows our strong belief in the continued importance of Singapore in the Asia context,” said Dr Madsen. Officiating at the opening of the CTC, Minister of State for Trade and Industry Mr Lee Yi Shyan said the CTC will play an important role in helping Singapore achieve its goal of having the CleanTech industry contribute 3.4 billion dollars to the economy and employ 18,000 people by 2015.

Dr Beh Swan Gin, Managing Director of the Singapore Economic Development Board, added, “DNV’s decision to establish its Clean Technology Centre in our city-state is an endorsement of Singapore’s growing importance in Cleantech innovation. Through its partnerships with companies, R&D organistions and government agencies, DNV’s Clean Technology Centre will catalyse the development of unique, cross-sectorial competencies that are in demand globally.”

The CTC currently has a staff strength of 25 research engineers and advisors and CTC Managing Director Bjorn Tore Markussen expects this number to quadruple to 100 by 2014.
“Put simply, our job is to ensure, on behalf of clients, that emerging clean technology solutions are fit for purpose, investment and commercialisation,” said Mr Markussen and added, “Singapore’s water and solar sectors are two examples of clean tech clusters that have grown very rapidly in recent times. This development, along with the growing interest from our regional clients, convinced us that the creation of the CTC here in Singapore is the best platform for DNV going forward.”

Recognising that clean technology innovation and commercialisation requires collaborative business models, DNV has signed agreements with the Energy Research Institute at Nanyang Technological University and the National University of Singapore (NUS). The agreements involve joint research and development activities of mutual interest in various areas within clean technology.

Read the full story in attached press release.