Green light for new company DNV KEMA Energy & Sustainability

Arnhem, the Netherlands (29 February 2012) − DNV and KEMA have obtained the necessary regulatory clearances to create a world-leading consulting and testing & certification company for the global energy sector: DNV KEMA Energy & Sustainability (DNV KEMA). The new company begins its operations as of today, 29 February 2012, and is led by CEO Thijs Aarten. With over 2,300 experts in more than 30 countries around the world, DNV KEMA is committed to driving the global transition toward a safe, reliable, efficient, and clean energy future. The company is headquartered in Arnhem, the Netherlands and will be part of the DNV Group.

 Covering the energy value chain

DNV KEMA's services cover the energy value chain from energy source to end user, including renewable energy, carbon reduction and energy efficiency, power generation, transmission & distribution, and energy-related testing, inspection & certification. The company consists of all, more than 1,800 former KEMA employees, complemented by over 500 employees from DNV’s former renewable energy and sustainability activities. While DNV KEMA’s core markets are in Europe, North America and China, the company will pay special attention to growth regions such as Asia-Pacific, Latin-America and the Middle East which have a strong need for energy expertise.

 Significant changes in the global energy sector

Major global trends will have enormous impact on the energy business in the years to come: increase in future electricity demand driven by the growth in global population and wealth; climate change and environmental concerns; finite fossil fuel reserves that cannot meet the future energy demand; and aging energy assets and workforce. Around the globe system-wide changes – including integration of more renewable power into the energy grids – will be necessary to guarantee safe, reliable and sustainable energy supply for future generations. At the same time, the role of gas will become increasingly important as gas creates flexibility in accommodating renewable energy sources such as wind and solar energy.

 Thijs Aarten, Chief Executive Officer DNV KEMA Energy & Sustainability:

"I am very pleased that we can start our operations, now that we have obtained formal approval. The global energy industry is an industry in rapid transition and growth. This transition will cause major changes, from source to end consumer, and will result in more uncertainty in all parts of the energy value chain. With our independent view, in-depth knowledge, and innovative solutions for all elements of the energy value chain, we are well positioned to support our customers in ensuring a reliable, efficient, and sustainable energy supply, now and in the future."

 Henrik O. Madsen, Chief Executive Officer, DNV Group

“I am confident that companies along the energy value chain will benefit from the combined strengths of two highly respected, knowledge-based companies.”

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 About DNV KEMA Energy & Sustainability

DNV KEMA Energy & Sustainability, with more than 2,300 experts in over 30 countries around the world, is committed to driving the global transition toward a safe, reliable, efficient, and clean energy future. With a heritage of nearly 150 years, we specialize in providing world-class, innovative solutions in the fields of business & technical consultancy, testing, inspections & certification, risk management, and verification. As an objective and impartial knowledge-based company, we advise and support organizations along the energy value chain: producers, suppliers & end-users of energy, equipment manufacturers, as well as government bodies, corporations and non-governmental organizations. DNV KEMA Energy & Sustainability is part of DNV, a global provider of services for managing risk with more than 10,000 employees in over 100 countries. For more information on DNV KEMA Energy & Sustainability, visit www.dnvkema.com.

 +++Information for editors, not for publication+++

For more information, please contact Rolf van Stenus, Global Press Officer DNV KEMA Energy & Sustainability (by telephone at +31-26-3 56 2607 or by e-mail at rolf.vanstenus@kema.com) or Lynn Toomey, Press Officer DNV KEMA Energy & Sustainability Americas (by telephone at + 1-781-418 5814 or by e-mail at lynn.toomey@kema.com).