Risk management firm DNV has acquired a 74.3 percent share in KEMA, creating a combined consulting, testing and certification company targeting the clean energy, sustainability, power generation, transmission and distribution sectors.
The companies say they will combine services to form one service offering for the global energy sector, covering the entire energy value chain from energy source to end user. This offering will cover wind energy, carbon capture and storage, carbon trading, energy efficiency, power generation, transmission and distribution, and energy-related testing, inspection and certification.
DNV KEMA will consist of all 1,800 KEMA employees and 500 employees from DNV’s renewable energy and sustainability activities. The new company will be led by Thijs Aarten, the CEO of KEMA, and headquartered in Arnhem, the Netherlands. Aarten will report to a supervisory board chaired by DNV CEO Henrik Madsen.
DNV has another 8,000 employees supporting maritime, oil and gas and other customers. The certifier and technical adviser on renewable energy was established in 1864, and is headquartered in Oslo.
KEMA is a global energy consultant and provider of energy-related testing, inspection and certification services along with business and technical consultancy and operational support. It advises government bodies as well as producers, suppliers and end-users of energy and manufacturers of electricity transmission and distribution equipment.
While DNV will become KEMA’s majority shareholder, Dutch energy distribution company Alliander retains its holding (25.4 percent) as does Dutch energy and cable company Cogas (0.3 percent.) The transaction is subject to the approval of the U.S., Dutch and German competition authorities.
DNV recently announced that it has issued the world’s first certificate of fitness for carbon dioxide storage development plans, suitable to Shell’s Quest carbon capture and storage project. The proposed Quest project, if successful, could capture and store underground more than one million tonnes of carbon dioxide per year near Fort Saskatchewan, Alberta.
In June a Verdantix analysis found that DNV and Bureau Veritas were market leaders on sustainability assurance alongside the Big Four financial audit firms.
Earlier this year a DNV study found that utilities prefer cap and trade legislation to the use of regulatory CO2 limits – but would choose either over continuing uncertainty.