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?”

As a supplement to DNV’s main Energy Transition Outlook, the Technology Progress Report focuses on how 10 key energy transition technologies will develop, compete, and interact in the coming five years.

In this latest edition of our forecast to 2050, we see some developments speeding up the transition and others slowing it down. The massive shift to renewables is unstoppable, but too slow to meet global climate goals.

Decarbonization driving significantly greater use of hydrogen for energy by 2050

The Energy Transition Outlook is a forecast towards 2050, but also includes short term developments. In this 7th edition of our annual outlook, we analyze the impact of energy security concerns, inflation, supply chain disruptions and the impact of progressive policies in some regions.

Will Tesla’s ‘Battery Day’ announcements accelerate the world's transition to sustainable energy, according to our Energy Transition Outlook to 2050?

There are big geographical variations in the energy systems, energy mix, and in how fast the energy transition develops. You can drill down into 10 regional reports to study the energy transition in your region. You will find the regional reports from page 163 in The Energy Transition Outlook Report

Data analytics has already changed several industries and the power sector is next. Whilst there are many positive impacts currently being realized from data analytics, with more to come, there are also challenges to be overcome.

As Europe struggles to build energy security in response to Russia’s invasion of Ukraine, uncertainty looms on many fronts.

The remaining carbon budget for a 1.5ºC future is withering away. Already by 2029, DNV forecasts this budget will be exhausted. The energy transition must accelerate significantly to avoid the worst impacts of climate change.

Our Pathway report draws on the findings from our Outlook report to answer the question: “How can the world achieve 1.5°C within the bounds of techno-economic and political feasibility?”

Cumulative investment in carbon capture and storage (CCS) is expected to reach USD 80 billion over the next five years, according to DNV’s new Energy Transition Outlook CCS to 2050 report.

Collaboration between countries and sectors needs to strengthen as the North Sea undergoes a period of diversification, according to a new report from DNV.

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.

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.

The much anticipated draft update for ISO 14001 has been released. Read more.

DNV and NASA are inviting experts to solve a mathematical challenge that seeks to optimize decision-making under uncertainty.

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.

Wind power is the only solution to Norway’s future energy needs.

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.

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.

DNV and Inherit Carbon Solutions have entered into a five-year agreement on CO2 removal certificates related to biogas production. The agreement has a contract value of 10 million Euro and marks one of the largest carbon removal purchases by a Norwegian company to date.

Energy related emissions will peak in 2024

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.

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.

ISO 56001 standard provides a structured approach to innovation, helping organizations manage risks.

This year’s summer project “REEFence” developed a sustainable solution for the protection of structures offshore, including a value chain and business model suited for the coming years.

DNV's recent Europrivacy™® accreditation by Accredia affirms its commitment to privacy and security.

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.

Høvik, Norway, 20 February 2024 - DNV, the independent assurance and risk management provider, has successfully run a pilot that uses a new digital service to increase the sustainability of wind turbine decommissioning.

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.

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.

DNV, the risk management and assurance company, has published a suite of recommended practices (RPs) that will enable companies operating critical devices, assets, and infrastructure to safely apply artificial intelligence (AI).

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.

Certification increases trust and keeps businesses competitive by mitigating new risks

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

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.

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.  

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.

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.

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

Boards that tune into stakeholder demands truly support decision-making and build resilience.

Data and information protection comprise the third and most important pillar of a sound cyber security strategy. It is crucial to consider the ‘CIA triad’ when considering how to protect our data.

But processes are nothing if people don’t follow them correctly.

The ocean is a data desert. But through a cross-industry effort to set standards for measuring, accessing and sharing data on the ocean economy, we can help hydrate it.

In an increasingly automated world where decisions are based on results from models and algorithms, focus on the data fed into these is of paramount importance.

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.

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.

Remote Desktop Protocol are increasing every year. Hackers use developed methods of indentifying and exploiting vulnerable RDP sessions to launch ransomeware attacks.

You may find inspiration in a three-pillared strategic approach to cyber security.

Entire new economies in consumer markets have been built around data-driven modelling, so we expect that these techniques will have a growing impact on industries in the years ahead.

These include information technology, telecommunication, transport and healthcare – all fuelled by electricity.

These top five common mistakes during a fleet management system implementation could result in costly delays - or even cause the project to fail.

We take a look at the parallels between the history of exploration and production of oil, and of data.