Energy transition

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London, 11 September 2019 – A technology-driven energy transition of staggering scale and speed will lead to a rapid decarbonization of the energy mix, with almost half our energy needs met by renewables by 2050. Plunging technology costs and market forces are driving the transition, but without bold policy intervention we will fall well short of the Paris climate goals. These are some of the findings of the third edition of the Energy Transition Outlook (ETO), which, owing to DNV GL’s independence and technical expertise, has become a respected voice in forecasting our energy future.

DNV GL’s transition to a leaner organization is reflected in the newly released results for 2018. Revenue improved moderately to 19,639 million NOK and the profit (EBITA) margin inched up to 5.4%.

DNV GL, the risk management and quality assurance company, has bought a stake in leading public blockchain service provider VeChain as it looks to use the technology to develop new digital assurance solutions. The acquisition builds on the strong relationship between the two firms and follows the recent launch of My Story™, a blockchain enabled digital assurance product which gives a new level of insight into supplier and product information.