DNV GL recently launched a venture fund to invest on the energy transition and the fourth industrial revolution challenges. Specifically, the Norwegian classification will build a portfolio of between 15-20 startups in the following four years, taking stakes of up to 20% in the companies.
We have entered a decade of transformation where the pace of the energy transition will be set and digital technologies underpinning industry 4.0 will mature from experimentation into large-scale application. Therefore, operating like it is business as usual is not an option.
…said Klas Bendrik, Chair of DNV GL Ventures investment committee and DNV GL’s Chief Digital Transformation Officer.
As the DNV GL’s Energy Transition Outlook forecasts, rapid decarbonization of the global energy system and by the middle of the century fossil fuels and renewables will almost equally share the energy mix.
In fact, through the venture DNV GL is looking to invest in companies that reflect major transformations, while will pay attention on the maritime and energy industry.
The launch of DNV GL Ventures is an acknowledgment that even a company of experts like ours must look beyond its own four walls to stay relevant.
…Mr. Klas Bendrik continued.
Concluding, startups in the energy, maritime, automotive, food and beverage sectors and those with solutions that can help boost customer trust and supply chain transparency are invited by DNV GL, to submit a 90-second video pitch.