DNV GL Forms New Entity ‘Energy Systems’ by Merging Oil & Gas, Power & Renewables Segments

DNV GL - one of the leading provider of advisory services to the power, renewables, gas and offshore industry, makes a move towards combining its current Oil & Gas and Power & Renewables businesses into a singular entity, named 'Energy Systems' from February 01, 2021.

With the future most likely to be based on emerging energy technologies - reflecting a larger share of renewables and decarbonization solutions, the move promises a futuristic approach.

RemiEriksen, Group President and CEO said, "The creation of Energy Systems is our response to a rapidly changing energy market in search for deeper decarbonization." She further added, "We want to enable our customers to tackle the energy transition – faster. By combining our expertise, we will better serve customers operating in, and entering the energy market. This new structure will help us serve all players in the energy market.”

Ditlev Engel, CEO of the group’s Energy Business area along with a team of around 4,000 energy experts, will lead the business, thereby making it the world's leading resource of independent energy experts. Energy Systems will work towards providing certification, advisory, and digital monitoring services to the energy value chain across the world.

"Joining forces in Energy Systems gives DNV GL the size to work with the key industry players to help scale green energy technology and optimize safety from production to consumption.  There is no hiding from the fact that we are on course for damaging global warming, but we have the technology to transition faster. I see a greater willingness amongst policymakers and companies to speed up the decarbonization of the sector and we at DNV GL are ready to play our part, so we can tackle the needed energy transformation much faster," said Dietlev.

DNV GL can also announce the acquisition of US-based engineering consultancy Energy and Resource Solutions (ERS). ERS with around 80 experts, like DNV GL, helps customers to manage and reduce energy costs through program design, outreach, implementation and evaluation services. ERS will be an integrated part of DNV GL.

On the acquisition of ERS, Eriksen added, “Given the speed of the energy transition, it is natural that we look outside our own organization for acquisition opportunities.  The domain expertise and digital-first approach demonstrated by ERS is aligned with our vision and services, and I am sure our customers in North America and beyond will be delighted to know that we have even more experts in our ranks.” 

Although renewable energy’s market share is on the rise, DNV GL will continue to work with the oil and gas sector as it refocuses on decarbonization. The sector will play an essential role in the energy transition with natural gas set to become the single largest energy source by the middle of the decade, whilst hydrogen, ammonia and carbon capture and storage will be important tools for future growth prospects.