DNV Inspection, the independent assurance and risk management provider, has set its sights on aggressive growth in the low-carbon energy space following a run of contract wins in recent years.
By the end of the decade, the company is aiming to have low-carbon operations representing a large portion of its revenue stream as demand for established inspection services in new energies grows.
Having formally entered the low-carbon market – which includes carbon capture and storage (CCS), hydrogen, and ammonia projects – in 2021, the sector now makes up a third of DNV Inspection’s sales.
In order to build on this growth, DNV Inspection is now looking to grow its headcount with strategic hires in four key areas: Project Management, Technical Expertise, Sales Management, and Recruiting and Resourcing.
That is in addition to looking for strategic partners with low carbon expertise and digital technology to reach out.
Mohamed Houari, Global Managing Director of DNV Inspection, said: “Our recent successes in offshore wind, hydrogen, carbon capture and storage, and transmission & distribution underscore our commitment to the energy mix transformation. We have wholehearted faith in this market, and we firmly believe the skill sets that we have in DNV Inspection can help to successfully deliver low-carbon projects on a global scale.”
“So far, we have been able to deliver this exponential growth using our existing resources, but we’re now looking for people to join us on this journey as we set about achieving our ambition in the low-carbon arena.”
Much of DNV Inspection’s growth since 2021 has been driven by wins in offshore wind, and the sector currently makes up half of the company’s business in the UK. There has also been strong traction in continental Europe and North Asia, and specifically in Spain and South Korea.
On the hydrogen front, DNV Inspection has recently won work in Saudia Arabia and Australia, and the company is also bidding aggressively on a number of CCS projects across the globe. This is further augmented by work in the transmission and distribution spaces.
“In the offshore wind sector, and the low-carbon molecule space more generally, we are seeing rapid growth globally, but outside of Europe these markets are yet to properly mature,” said Mr Houari. “This comes with a number of challenges, specifically around the complexity of projects and the fragmented nature of the fledgling supply chain. It can be difficult to know where to purchase from and how to manage its quality.
“Tackling these challenges requires familiarity and expertise, and DNV Inspection has more than five decades of experience working on large and complex energy infrastructure projects in some of the world’s most challenging environments, from the Northern North Sea to the Barents Sea.
“In addition to our core competencies and the ongoing recruitment campaign, we also believe that partnering with strategic external stakeholders is critical to tackling the challenges ahead for the low-carbon markets. Delivering projects and the scale and speed required will necessitate having a web of competencies and expertise.”
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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/01112024/dnv-inspection-to-expand-low-carbon-operations-following-period-of-rapid-growth/