DNV GL

Annual Report 2019

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Key highlights 2019

Cleaning up the oceans

DNV GL has joined forces with The Ocean Cleanup to address one of the major environmental challenges facing the planet. The ocean space is core to our business, and we are keen to contribute our expertise and share our vision to clean up the ocean using data-driven technology.

DNV GL has developed a set of requirements and processes that enables verification of the plastic’s origin and authenticity and allows full traceability.

In December, the first successful mission to collect plastic debris from the Great Pacific Garbage Patch was completed. The plastic will be recycled into new products involving major consumer brands.

DNV GL will verify the plastic, which will enable consumers buying the products to fully trust that these are sustainable. Turning garbage into valuable products will enable The Ocean Cleanup to secure necessary funds for the further cleaning of our oceans.

Key highlights 2019

Energy Transition Outlook 2019

For DNV GL, and for most of our customers, the coming energy transition is both the greatest source of risk and the greatest source of opportunity in the coming decades. Understanding this transition is essential. It will shape the world we live in, and we must adapt our knowledge and services accordingly. Delve into the forecast of the most likely path ahead.

Key highlights 2019

Bridging the trust gap

DNV GL has been in the business of assuring physical assets since 1864. As digitalization continues to impact the industries we serve, a natural progression for DNV GL is to help our customers assure their digital assets. DNV GL has entered into a strategic partnership with TechnipFMC to co-develop a framework for assurance of digital twins. Both TechnipFMC and DNV GL recognize that many players are investing in digital assets, but the industries we serve need help in understanding how to trust these digital assets – especially for the high consequence scenarios that our customers face in their daily operations.

Key highlights 2019

Powered by wind

DNV GL provided technical due diligence services on the Dundonnell Wind Farm in Australia to secure project financing by a consortium of six lenders, led by National Australia Bank (NAB) and The Bank of Tokyo-Mitsubishi UFJ. The project consists of 80 turbines and associated infrastructure, providing a total capacity of 336 MW, and will make a key contribution to the region’s renewable energy target.

Key highlights 2019

Exploring artificial intelligence

DNV GL’s newly opened Artificial Intelligence (AI) research centre in Shanghai explores how AI can enhance audit, inspection and survey services. The team is researching deep learning algorithms to build computer vision technologies. The first joint development project with a leading shipyard has created an automated weld seam defect detection service using a ‘digital eye’ to detect failures.

Key highlights 2019

Transforming the energy system

DNV GL research suggests that global energy use will peak in the 2030s, but not before overshooting the global warming limit of 1.5ºC. In September, we published the third edition of our Energy Transition Outlook, a forecast of how the world energy system will change over the next three decades.

Our research department also explored the technologies that will transform our industries in the future. Read more about our Energy Transition Outlook and Technology Outlook.

Key highlights 2019

Remote surveys for smarter class

All DNV GL classified ships are now able to connect with a dedicated team of remote surveyors who can provide support to vessels anywhere in the world. A first in Maritime Class, customers can request and obtain remote surveys through the Veracity data platform. A remote survey means that a DNV GL classed vessel does not need to come to shore for certain inspection services, thus reducing time, costs, and operational downtime.

Using a video link, the crew and surveyor can share documentation and stream equipment recordings to go through the list of inspection items. The new service was recognized by an IT innovation award at the DataccioConnect Conference in Singapore.

Key highlights 2019

Veracity enables trust in data

DNV GL – Digital Solutions has developed new software for maritime customers, enabling a better overview of technical, operational and compliance data. Using DNV GL’s data platform, Veracity, fleet owners can now access a dashboard showing their strategic fleet data which has been quality-assured and analysed, enabling them to trust the data and make informed decisions.

Key highlights 2019

Converting gas networks to hydrogen

DNV GL – Oil & Gas is contributing to the H21 project in the UK, where the extensive gas distribution networks in the city of Leeds are being converted to handle hydrogen, a lower carbon alternative. DNV GL is assessing the risks to ensure the new network can operate safely.

A large-scale model was developed at our Spadeadam testing facility to enable extensive testing.

Research and Innovation

Transformational expertise

That technology development is accelerating is a given, but how do we begin to understand how it will impact us? It requires dedicated expertise in various fields of science, combined with domain knowledge. Our long-term research programmes are intended to help prepare our customers and ourselves for the future by generating new knowledge in key technology areas that have a long-term impact on the industries we serve.

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