Latest news with #DNV
Zawya
3 days ago
- Business
- Zawya
Norway's DNV chooses Expo City Dubai for new Dubai office
DUBAI – Norwegian assurance giant DNV has opened new premises at Expo City Dubai, unveiling a state-of-the-art, people-first office focused on employee wellbeing, reinforcing the city's rise as a hub for innovative, sustainability-minded enterprises. Designed for 200-plus employees with wellness and community at its core, DNV's new space in Expo City Dubai spans approximately 24,000 sqft and features recharge rooms, walking pads and a zen garden. With parks and green spaces spread throughout the pedestrian-friendly city, the location is tailored for connection, creativity and collaboration. The global leader in business assurance, risk management and advisory services, DNV sets industry benchmarks through testing, certification and cutting-edge digital solutions – including cybersecurity and data platforms. Its new Dubai office, strategically located between Jebel Ali Port and Al Maktoum International Airport, with easy access to Dubai International Airport, strengthens its expanding regional maritime and energy operations. Bror Berge, Country Chair, DNV, said: 'At DNV, we prioritise people and the environment, which is why Expo City Dubai, with its future-focused infrastructure, sustainability ethos and like-minded business community, is a natural fit. Our new office blends smart design, movement-friendly features and energy-efficient systems to inspire fresh thinking and boost positivity, creativity and connection – all while meeting the highest standards in green buildings and occupant health.' Manal AlBayat, Chief Engagement Officer, Expo City Dubai, said: 'DNV's decision to relocate to Expo City Dubai reflects our shared commitment to employee wellbeing, innovation and meaningful impact – and we're proud to welcome them to our expanding international community. With 41 buildings certified under the WELL Health-Safety Rating, Expo City Dubai is committed to putting employee health and happiness at the core of its operations.' Expo City Dubai has quickly become one of the region's most sought-after business destinations, with the number of commercial tenants doubling in the past year alone. Around 75 per cent of businesses now operating at Expo City come from outside the UAE – underscoring its growing reputation as a global hub for forward-thinking enterprises. The city is built for the industries of tomorrow, with a world-class free zone offering more than 2,000 licensing activities, 100 per cent foreign ownership and tax benefits as well as Grade A, LEED-certified buildings. Pre-certified under the WELL Community Standard, it is already home to global brands such as DP World, Siemens and Emirates' Ebdaa innovation hub, with Nestlé, the world's largest food and beverage company, opening its Middle East and North Africa head office in the coming months. A destination for globally significant events, Expo City was home to the COP28 climate conference and is also hosting the Asia Pacific Cities Summit and Mayors' Forum in October 2025. The inauguration of the DNV premises was marked by a ribbon-cutting ceremony attended by His Excellency Olav Myklebust, Ambassador of Norway to the UAE; Kjetil Ebbesberg, DNV Group CFO; Andreas Fischer, Global Director of Real Estate Management and Procurement; and senior representatives from Expo City Dubai, including Manal AlBayat and Najeeb Al Ali, Executive Director, Expo City Dubai Authority. About Expo City Dubai Expo City Dubai, the legacy city of Expo 2020 Dubai, is an innovation-driven, people-centric community rooted in the belief that collaboration can propel sustainable progress. Its prime location and world-class connectivity place it at the centre of Dubai's future – the lynchpin between Dubai Exhibition Centre, Al Maktoum International Airport and Jebel Ali Port and a key driver of Dubai's Economic Agenda (D33) A world-class free zone, it is home to a thriving business community that supports cross-sector collaboration and provides a springboard for businesses of all sizes to scale and grow, enhancing Dubai's position as a global centre of trade and reinforcing the UAE's development and diversification ambitions Its residential communities redefine urban living, exemplifying best practice in innovative, environment-friendly design with a focus on wellbeing and happiness An incubator for innovation, it is a testbed for solutions and a platform for groundbreaking ideas that benefit both people and the planet Packed with educational, cultural and entertainment offerings, with more than 30 indoor and outdoor venues attracting globally significant events, it celebrates human creativity and ingenuity and inspires future generations Designed as a blueprint for sustainable urban living and one of five hubs on the Dubai 2040 Urban Master Plan, its roadmap to achieving net zero by 2050 and its broader decarbonisation targets raise the bar on responsible urban development For media enquiries, please contact
Yahoo
23-05-2025
- Business
- Yahoo
DNV supports record financing for Chile's solar-storage hybrid project
DNV has provided advisory services to Atlas Renewable Energy to secure US$510 million in financing for the landmark Estepa hybrid solar and battery storage project in Chile.
Korea Herald
20-05-2025
- Automotive
- Korea Herald
STRADVISION Maintains ISO/IEC 27001 & 27701 Information Security Certifications for Five Consecutive Years
SEOUL, South Korea, May 20, 2025 /PRNewswire/ -- STRADVISION, a disruptive leader in AI-powered automotive perception software, announced today that it has successfully renewed its ISO/IEC 27001 and ISO/IEC 27701 certifications for the fifth consecutive year. This achievement reaffirms the company's robust information security and privacy management capabilities at a global standard. The certifications were issued by DNV, a globally recognized certification body, and are accredited by UKAS, the United Kingdom's national accreditation agency. This further reinforces STRADVISION's international credibility and reliability. ISO/IEC 27001 is an international standard for information security management systems (ISMS), designed to ensure the ongoing confidentiality, integrity, and availability of information. ISO/IEC 27701 extends this framework to personal data protection, assessing whether organizations have comprehensive privacy management systems in place to safeguard personal data in accordance with global standards. Since first obtaining the certifications in 2020, STRADVISION has continuously strengthened its internal security framework. The company has established a company-wide information protection policy, implemented structured risk assessment and response protocols, and conducted regular security training and audits. With the growing scale of collaborations with global OEMs and Tier 1 suppliers, STRADVISION has also proactively addressed rising demands around data confidentiality and algorithm protection. In 2024, the company successfully completed the transition to the latest ISO/IEC 27001:2022 standard. Trust and Security: Dual Pillars of a Future-Oriented Tech Company STRADVISION's SVNet powers autonomous driving and advanced driver-assistance systems (ADAS) by processing massive volumes of visual data from inside and outside vehicles in real time. As the sensitivity of such technology increases, so too does the importance of data security and privacy. These are directly linked to product reliability and customer trust. Maintaining ISO certifications is a testament not only to STRADVISION's technical expertise but also to its commitment to global accountability and trust. ISO/IEC 27001 and 27701 are not one-time achievements. These are rigorous international standards that require continuous full-cycle operational excellence from system implementation to auditing and ongoing improvement. Maintaining both certifications for five consecutive years reflects the company's deeply embedded culture of security and sustainable governance. "Being a technology leader today is not just about innovation in algorithms. It is also about our commitment to the highest standards of security and trust," said Boohyun Hwang, Head of Information Security at STRADVISION. "STRADVISION's continued ISO/IEC 27001 and 27701 certifications mark a key milestone in defining who we are as a future-oriented company that prioritizes global trust as much as technological excellence." For more information on STRADVISION and its cutting-edge technologies, please visit STRADVISION. About STRADVISION Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION's SVNet is being deployed on various vehicle models in partnership with OEMs; can power ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan's 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2022 and 2021 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION and its software have achieved TISAX's AL3 standard for information security management, as well as being certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety.
Forbes
20-05-2025
- Business
- Forbes
Africa Needs More Renewables, So Why Is It Investing In Fossil Fuels?
LICHTENBURG, SOUTH AFRICA - MAY 8: A man is seen near the Selemela Solar Power Plant is one of the ... More largest solar power plants on the African continent that contributes to the country's energy needs with renewable electricity generation from sunlight in Lichtenburg, South Africa on May 8, 2025. (Photo by Ihsaan Haffejee/Anadolu via Getty Images) Sub-Saharan Africa (SSA) has an energy funding deficit. As our new research points out (for which I must credit my colleagues Anne Louise Koefoed and Sujeetha Selvakkumara), SSA needs to spend $20 billion per year to supply its citizens with access to clean and affordable energy by 2030. Instead, this figure is closer to $8 billion annually, which is part of the reason nearly half the population lacks access to electricity. As its economy and population grows, its electricity demand will quadruple to 2100TWh by 2050 – which is the approximately equivalent to half of what the U.S. uses today. We are at the midpoint of a critical climate action decade and parties to the Paris Agreement are expected to submit their second Nationally Determined Contributions (NDCs) with a timeframe for implementation through to 2035. Yet, few have submitted their proposals. DNV's review of current national commitments in Sub-Saharan Africa indicates a regional goal to limit emissions growth to 68% by 2030 compared to 1990 levels. However, these targets are conditional on international support. Several countries in the region have set renewable generation targets. These targets vary widely. For example, the ECOWAS countries aim for a 19% share of generation from new renewables in the electricity mix by 2030, Nigeria is aiming at 36%, South Africa 41%, and Kenya is going for 100% in 2030 from renewable power generation. Reported investment requirements for the energy transition agenda, such as those by Ghana in September 2023 and Nigeria in August 2022, highlight financing needs rather than reflecting existing domestic policy and funding. For example, about $410 billion above business-as-usual spending is needed in Nigeria between 2021 and 2060. Despite requiring more investment, energy spending in Sub-Saharan Africa is going the wrong way. The region lagged in global energy investment, receiving just 3% of total energy funds and 1.5% of renewables between 2010 and 2020 and dropping to less than 1% since. Financing is also unevenly distributed, with a few countries receiving the bulk, while the 33 least-developed nations secured only 37% of renewable commitments from 2010 to 2019 Africa is missing out on the green technology revolution that is making non-fossil energy the cheapest option. The levelized cost of electricity for renewables is at an all-time low, making solar PV, onshore wind, and storage more viable than ever. The levelized cost of electricity in Sub-Saharan Africa is cheaper for wind and solar, yet ... More investment has been focused on fossil fuels. Despite the manifold benefits of green electrotechnology, our analysis shows that, until 2023, most capital expenditure in the power sector was directed toward fossil-fuel power plants. On average, between 2015 and 2024, for every $3 invested in fossil-fuel power plants, only $1 was invested in solar and wind in the region. However, in 2023, for the first time in Sub-Saharan Africa's history, investments in solar and wind power surpassed those in fossil-fuel power. The main reason for the previous lack of investment in solar and wind lies in the structure of capital financing. Large, centrally planned fossil-fuel projects typically benefit from state-guaranteed funding. To attract more investment into renewable power, it is crucial to enable the free flow of capital — which requires providing risk-guaranteed funding. The success of utility-scale renewables hinges on an enabling policy environment, technical support, and international capital—particularly concessional finance and development bank funding to catalyze private investment. This highlights the critical role of COP29's finance agenda. The financing structure of renewable energy investments varies widely across Sub-Saharan Africa, with projects ranging from fully debt-financed to fully equity-financed models. Both debt and equity capital carry associated costs. The cost of debt is reflected in interest payments, while the cost of equity represents the opportunity cost of invested capital. This overall cost of capital (CoC) is a key determinant of whether a renewable energy project, such as a solar PV power plant, proceeds to implementation. The cost of capital is influenced by the level of risk associated with the project. Two primary risk factors impact financing: technology risk and geographic risk. If a technology and its supply chain are not well established, the perceived project risk is higher, leading to an increased CoC. Even for mature technologies like solar PV, projects located in high-risk regions, such as many parts of Africa, face a 'risk premium' which raises the CoC compared with lower-risk regions. DNV modeled two scenarios to assess how varying cost of capital assumptions affect future solar PV capacity in Sub-Saharan Africa compared with the Energy Transition Outlook (ETO) baseline. If SSA had a CoC equivalent to that of Europe throughout the period from 2024 to 2050, the region's solar PV capacity would be 20% higher. If Sub-Saharan Africa had a cost of capital equivalent to that of Europe throughout the period from ... More 2024 to 2050, the region's solar PV capacity would be 20% higher. The dismantling of USAID will have far reaching consequences for Africa and can be regarded as a sign of where U.S. priorities now lie. With recent geopolitical changes and budgetary pressure, European countries have also prioritized security spending often at the expense of foreign aid and investment. Recent turmoil in the international financial markets demonstrates how previous norms have been upended. The rise in yield of U.S. Treasuries show how risk perception is changing and although investors are unlikely to choose an African utility scale solar project over long-term American debt, there may be a window for African countries to present themselves as a more stable option than previously perceived. The most interesting player is China. Although slower domestic growth has put the brakes on China's Belt and Road Initiative, Beijing may regard U.S. retrenchment in the Africa as an opportunity to act. African countries have already received billions in loans and grants from China and given that it is the global factory for green technology, there is an obvious investment gap for China to extend its soft power in the region.
The Wire
09-05-2025
- Business
- The Wire
DNV recognized as a Notified Body for Certification under In Vitro Diagnostic Regulation (IVDR)
OSLO, Norway, May 8, 2025 /PRNewswire/ — DNV, the independent assurance and risk management provider, has been recognized by the European Commission as a notified body for the certification of devices under the European Union's In Vitro Diagnostic Regulation (IVDR). The designation increases capacity for certifying in vitro diagnostic devices and providing access to the … Continue reading "DNV recognized as a Notified Body for Certification under In Vitro Diagnostic Regulation (IVDR)"
