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Governance and innovation
DNV Group provides the management of the DNV group of companies and is also home to our Group Research and Development (R&D) unit.
5% of our annual revenue goes to our Group R&D unit for strategic research, innovation, and technology development to solve industry challenges that impact our customers and society and support our growth.
[00:02] In order to decarbonize transport, we need to develop both electricity,
[00:07] biofuel, and hydrogen based fuels at the same time,
[00:11] in spite of them being at very different stage of maturity.
[00:15] The priorities, however, are clear.
[00:19] Whatever can be electrified, should be electrified because electricity is a very good source of energy
[00:24] which is both very efficient and fairly easy. Can be green.
[00:30] The areas of transport that cannot use electricity will first, no.
[00:34] See if they can use biofuel. Biofuel is ready today, but sustainable biofuels is also a scarce resource where there will be competition.
[00:37] Going forward, we will see a lot of eels or hydrogen based fuels uptake, uh
[00:57] but that will not happen until the mid thirties where these will really scale in aviation and in shipping.
Our Group Research and Development (R&D) team lead the delivery of one of our largest annual reports: the Energy Transition Outlook (ETO).
Hear from our Group R&D Programme Director, Sverre:
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