DNV has joined a group of mission-driven companies as part of a European Fund (The Fund) that has been launched by Energy Impact Partners (EIP), a global venture capital firm supporting the transition to a sustainable future.
EIP has €390 million to deploy in European investments to accelerate the growth of innovative technologies which have the potential to drive the transition towards net zero. The Fund is structured to enable EIP to locally partner with European entrepreneurs and support their growth with a combination of capital and commercial support through EIP’s powerful coalition of industrial firms. DNV will provide start-ups with insight into this highly dynamic field and will collaborate with its partners in EIP in investigating new topics within the energy sector. The arrangement also provides scope for DNV to expand its American operation through EIP’s established presence in North America. Contributions to the Fund are drawn from a broad set of institutional investors, impact investors and corporates in a range of industries, including energy, utilities, technology and infrastructure and transport.