DNV GL launches venture fund for the energy transition
09 March 2020
DNV GL, the risk management and system assurance company, has launched a venture fund in response to the challenges of the “decade of transformations,” which will be defined by the energy transition and the fourth industrial revolution. DNV GL Ventures will build a portfolio of between 15-20 startups in the next four years, taking stakes of up to 20% in the companies.
DNV GL’s Energy Transition Outlook forecasts a rapid decarbonization of the global energy system. DNV GL’s services will monitor the solar farm in Europe and launched FuelBoss, a platform that facilitates LNG bunkering for ships. DNV GL has also explored how industry 4.0 is likely to impact society and industry in its recent publication Technology Outlook 2030, which examines subjects as wide as precision medicine and the new space race.
DNV GL Ventures will invest in startups in the seed to series A phase, meaning they have their first customer or in other ways validated their product-market fit. In addition to capital, the startups will gain access to DNV GL’s wide spectrum of technical expertise, customer base of 100 000 clients and brand value.