DNV joins new European Fund launched by global investment firm Energy Impact Partners to accelerate push towards net zero
DNV has joined a group of mission-driven companies as part of a European Fund (The Fund) that has been launched by Energy Impact Partners (EIP), a global venture capital firm supporting the transition to a sustainable future. EIP brings together entrepreneurs and many of the world's most forward-looking energy and industrial companies to advance innovation.
EIP has €390 million to deploy in European investments to accelerate the growth of innovative technologies which have the potential to drive the transition towards net zero. The Fund is structured to enable EIP to locally partner with European entrepreneurs and support their growth with a combination of capital and commercial support through EIP’s powerful coalition of industrial firms.Lucy Craig, Director of Growth, Innovation and Digital, Energy Systems at DNV, said: “This is an important strategic partnership for DNV alongside other organizations that are committed to accelerating the energy transition. DNV will provide start-ups with insight into this highly dynamic field and will collaborate with our partners in EIP in investigating new topics within the energy sector.”
The arrangement also provides scope for DNV to expand its American operation through EIP’s established presence in North America.
Contributions to the Fund are drawn from a broad set of institutional investors, impact investors and corporates in a range of industries, including energy, utilities, technology and infrastructure and transport.
“We are very happy to have DNV as a member of EIP’s coalition. DNV and EIP are very aligned in our mission to advance clean technologies. It is great to build on DNV’s strong brand and expertise”, said Matthias Dill, CEO and Managing Partner of EIP Europe.
Kaare Helle, Ventures Director at DNV, added: “DNV is committed to a strategy for growth in Energy Systems, as well as across the sector in other facets where DNV is active, including Maritime, Business Assurance, Cyber Security and ESG. Across the business, we are helping accelerate the innovations tackling climate change.”
For more information about Energy Impact Partners and the European Fund, please visit www.energyimpactpartners.com.
About DNV
DNV is the independent expert in risk management and assurance, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry benchmarks, and inspires and invents solutions.
Whether assessing a new ship design, optimizing the performance of a wind farm, analyzing sensor data from a gas pipeline or certifying a food company’s supply chain, DNV enables its customers and their stakeholders to make critical decisions with confidence.
Driven by its purpose, to safeguard life, property, and the environment, DNV helps tackle the challenges and global transformations facing its customers and the world today and is a trusted voice for many of the world’s most successful and forward-thinking companies.
In the energy industry
DNV provides assurance to the entire energy value chain through its advisory, monitoring, verification, and certification services. As the world's leading resource of independent energy experts and technical advisors, the assurance provider helps industries and governments to navigate the many complex, interrelated transitions taking place globally and regionally, in the energy industry. DNV is committed to realizing the goals of the Paris Agreement, and supports customers to transition faster to a deeply decarbonized energy system.
About Energy Impact Partners
Energy Impact Partners LP (EIP) is a global venture capital firm leading the transition to a sustainable future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $2.5 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure – and has a team of over 70 professionals based in its offices in New York, San Francisco, Washington D.C., Palm Beach, London, Cologne, and Oslo. For more information on EIP, please visit www.energyimpactpartners.com.