The Norwegian University of Science and Technology will receive between NOK 50 and 60 million from DNV for professorships and collaboration projects.

The cooperation agreement was signed by DNV’s CEO Henrik O. Madsen, right, and NTNU’s Vice-Chancellor Torbjørn Digernes.

DNV will finance ten professorships, and four main areas of cooperation have been decided on: Arctic technology, marine transport, renewable and environmentally friendly energy, and integrated operations. DNV will also assist the university by providing guest speakers, contributing to student projects and providing professional collaboration on many levels.

The financial framework is more than NOK 10 million per annum and is initially valid for 5-6 years. This is the largest university agreement DNV has ever entered into.

Date: 2008-06-11