The Energy Transition Outlook is DNV’s view on the energy future through to 2050 modeling 10 regions and the impact on 3 industry sectors. It is a forecast of the most likely path ahead.

This report in DNV’s Energy Transition Outlook series provides a unique deep-dive into the vast challenges and opportunities of a rapidly expanding power system dominated by electricity generation from variable green energy sources.

Maritime

Blackouts and resulting loss of propulsion have long been considered a major accident hazard for the passenger industry

Energy

We draw on our ETO model to answer the question: “How can the world achieve 1.5°C within the bounds of techno-economic and political feasibility?”

The possibilities, limitations, and risks of large language models

Which sectors must go below zero emissions? Which regions must reach zero carbon emissions way before 2050? What is the most feasible energy mix in a net zero world and which technologies will prevail?

Organizations that struggle to demonstrate the trustworthiness of AI to their stakeholders, can close the trust gap with DNV’s new services and a set of recommended practices, for the safe application of industrial AI and other digital solutions.

This dedicated hydrogen forecast to 2050 provides new and expanded hydrogen findings from DNV’s Energy Transition Outlook forecast model

This paper explores the opportunities and challenges of integrating electrolytic hydrogen production into power systems increasingly dominated by variable renewable electricity generation; residential and industrial heat systems; and industrial systems requiring hydrogen and possibly oxygen.

Energy

Floating offshore wind is opening new possibilities for wind power locations and will play a critical role in the transition to a cleaner energy supply. DNV is helping floating offshore wind commercialize with confidence.

When will renewable sources overtake fossil fuels? What share of total energy demand will be covered by offshore wind or hydrogen by 2050? What impact will the global pandemic have on the energy transition?

Offers shipowners practical advice and solutions as shipping’s carbon reduction trajectories rapidly head towards zero

Offers shipowners practical advice and solutions as shipping’s carbon reduction trajectories rapidly head towards zero

Offers shipowners practical advice and solutions as shipping’s carbon reduction trajectories rapidly head towards zero

Which sectors must go below zero emissions? Which regions must reach zero carbon emissions way before 2050? What is the most feasible energy mix in a net zero world and which technologies will prevail?

Maritime

Høvik, Norway – Today marks the official launch of CFARER, a new brand formed from what was previously known as DNV Maritime Software. The move represents a significant shift in the ownership and operational structure of DNV’s fleet management software business. The new name CFARER is a clear commitment to the people who keep ships moving, offshore and onshore: the seafarers.

2024 was another record-breaking year for DNV, with a 10.7% growth compared to the previous year. The company continues its strong commitment to the renewable energy sector, cybersecurity, and artificial intelligence with unwavering strength.

Cyber Industries

The EU AI Act, the first comprehensive law on artificial intelligence, is now in effect. Prohibited AI was banned earlier this year, and companies face regular milestones until full implementation in 2027. With around 90,000 words and eight appendices, the Act is complex. Non-compliance will result in significant fines.

Corporate

Offshore wind turbines face higher wind speeds than onshore turbines and face strong ocean currents, requiring more robust designs and significantly higher capital costs. While they generate more energy due to stronger winds, these increased costs result in a higher levelized cost of energy (LCOE). The HIPERWIND project has developed new design simulation models that reduce the LCOE by up to 9%, thus making offshore wind turbine construction and operation more cost-effective and reliable.

Energy

DNV’s first Spain-focused Energy Transition Outlook (ETO) underscores the critical need to accelerate efforts toward achieving the country’s 2050 climate neutrality goals. The report reveals that while Spain is on track to reduce CO₂ emissions by 74% compared to 1990 levels by mid-century, this pace lags behind the ambitious milestones outlined in the National Energy and Climate Plan (NECP).

Healthcare

DNV has been assigned a central role in the EU's new research project, SYNTHIA, aimed at accelerating the use of artificial intelligence in the healthcare sector. Generative artificial intelligence will be used to create synthetic data that mimics real patient data. The project aims to demonstrate that synthetic data can be the solution to the lack of high-quality, real datasets.

Corporate

Høvik, Norway, 07 November 2024 – Ofiniti, formally known as FuelBoss, a leading platform for managing marine fuel bunkering operations, has attracted investment from private and venture capital investors as part of its successful spin out from DNV.  With port authorities stepping up their requirements for “digital bunkering”, the new corporate structure will allow it to operate with more agility.

Høvik, Norway 25 September 2024 – DNV has signalled its commitment to building and assuring safe artificial intelligence by signing the European Commission's AI Pact. The aim of this voluntary initiative is to promote the responsible and reliable development and use of AI systems.

Høvik, 24 September 2024 – DNV has launched a “Trust in AI” fund and is now actively seeking companies within responsible artificial intelligence (AI). 300 companies have been identified as potential investment targets by DNV’s venture operation.

Energy

DNV’s New Power Systems report finds that the pathway to a decarbonized energy system requires significant grid expansion, solutions for grid congestion, and new business models to accommodate rising electricity demand and generation from wind and solar. The report also concludes that grid expansion is affordable, thanks to growing efficiencies in grid technology and the increased electricity load, with DNV expecting global grid charges passed to consumers to remain stable or decline in the long term.

DNV delivers yet another set of record-breaking results, increasing revenues in 2023 by 26.2% compared with the year before. The company continues to grow within its strategic growth areas related to cyber security, aquaculture, and renewable energy. DNV also registered a solid growth in its number of employees.

Corporate

A new seaweed farm has been established off the coast of Trøndelag. The project kicked off last year. This summer the cultivation license was granted and in November the first seaweed seedlings were deployed. The offshore facility is being used to test how large-scale kelp cultivation can become a cost-effective and sustainable ocean-based carbon removal solution.

Corporate

According to DNV’s Pathway to Net Zero Emissions report, limiting global warming to 1.5°C remains a possibility - but is highly improbable. Drastic measures, and permanent cuts in emissions are necessary to reach net zero in 2050.

Small gains in lowering the cost of capital have big effects in Sub-Saharan Africa’s ability to finance critically needed green electricity. With countries updating climate plans ahead of COP30, now is the time for smart thinking about finance flows for energy buildout in the region.

As Europe accelerates towards a low-carbon future, the demand for EVs and batteries is skyrocketing. But with this growth comes a challenge: securing a reliable supply of essential minerals for battery production. Can Europe break free from its dependence on China and other countries for battery materials? One of the answers lies in recycling.

Invoices for all DNV entities should be issued according to the following requirements. Invoices must be sent to us in PDF (Portable Document Format).

Food and beverage

DNV recently spoke to Norwegian publication E24 about its acquisition of Åkerblå Group in 2023, its plans for future growth, and the importance of the aquaculture industry in meeting the planet’s growing demand for protein.

Other sectors

Production, distribution and consumption within the food and beverage sector are experiencing major shifts. New stringent environmental, social and governance (ESG) regulations, and changes in both consumer behaviour and preferences are two of the main drivers for this. DNV’s newest report on sustainable food systems looks at these evolutions and describes the benefits and opportunities for companies to start thinking of the ESG dimensions as interconnected entities rather than separate aspects of sustainability.  

Other sectors

Environmental, Social and Governance (ESG) performance shows how a company is addressing sustainability challenges. When combined with financial indicators, this gives a more complete picture of the risk and opportunity profile of a company for stakeholders.​ Head of Sustainability Development and Climate at DNV, Ellen Skarsgård, and Environmental Analyst, Katerina Tzafilkou, reflect on how ESG reporting requirements might change in the future and how DNV works with customers to help them bring their ESG strategy to life.

Other sectors

Over the past five years, social criteria in ESG (Environmental, Social, Governance) have evolved from a sign of good corporate citizenship to a requirement to satisfy growing demands from governments, shareholders, investors, and the public for more transparency.

Other sectors

Social criteria in ESG reporting refers to how a company interacts with employees, suppliers, and society at large.

Energy

In October 2017, DNV acquired the small Norwegian company ComputIT and with it the well-established computational fluid dynamics (CFD) code, KFX Exsim. The KFX CFD tool strengthened our market position within the risk and consequence segment. DNV now offers a full range of tools for risk assessment and consequence analysis of accidental releases of hydrocarbon or toxic materials, as well as fires. Our risk and reliability and quantitative risk analysis (QRA) software portfolio now ranges from Phast and Safeti, efficient and well-established integral model tools, to the 3D KFX simulator for gas dispersion, fires and explosions.

Other sectors

Every company with a network connection has a strategy around leveraging digital technology. The goals are many: to evolve and remain relevant in a changing business environment, to create better customer offerings and experiences, and to forge ahead into emerging markets, to name just a few.