DNV GL signs Memorandum of Understanding with Korea Electrical Safety Corporation

Strategic collaboration between DNV GL and Korea Electrical Safety Corporation to access industrial customers which have a high barrier to entry in Korea.

DNV GL signed a Memorandum of Understanding (MoU) with the Korea Electrical Safety Corporation (KESCO) in the DNV GL Singapore office today. The MoU was signed by Mathias Steck, ‎Executive Vice President Asia Pacific, DNV GL – Energy and Lee Sang Kwon, Chief Executive Officer, KESCO.

KESCO and DNV GL in front of the Singapore office

DNV GL, with its knowledge and global experience in the various fields of energy asset management, will through KESCO lend its expertise to KOREAN clients. The expertise will consist of risk management and technical competency and utilize Cascade, a technical asset management solution for the energy industry.

Cascade is an innovative enterprise solution integrating relevant technical and operational information to enable an objective assessment of asset criticality, health, and risk. This assessment is triggering mitigating actions and bringing relevant insights to all levels of asset management responsibility, drawing conclusions and triggering actions. It is unique in combining deep roots and proven experience in the transmission and distribution asset management domain and provides very high flexibility.

Mathias Steck, ‎Executive Vice President Asia Pacific, DNV GL – Energy comments,“We are delighted to collaborate with KESCO, an established partner in Korea. This strategic collaboration enables DNV GL to better support Korean industries and businesses and deliver exceptional value to our clients.”

The DNV GL Singapore office hosted a delegation of 5 from KESCO on 5th April. The KESCO delegation plans to also visit the DNV GL – Energy global headquarters in the Arnhem, the Netherlands from the 6th to 8th April.

About DNV GL
Driven by our purpose of safeguarding life, property and the environment, DNV GL enables organizations to advance the safety and sustainability of their business. We provide classification and technical assurance along with software and independent expert advisory services to the maritime, oil and gas, and energy industries. We also provide certification services to customers across a wide range of industries. Operating in more than 100 countries, our 16,000 professionals are dedicated to helping our customers make the world safer, smarter greener.

In the Energy Industry
DNV GL delivers world-renowned testing and advisory services to the energy value chain including renewables and energy efficiency. Our expertise spans onshore and offshore wind power, solar, conventional generation, transmission and distribution, smart grids, and sustainable energy use, as well as energy markets and regulations. Our 2,500 energy experts support clients around the globe in delivering a safe, reliable, efficient, and sustainable energy supply.

For DNV GL - Software
DNV GL is the world-leading provider of software for managing risk and improving asset performance in the energy, process and maritime industries. Our solutions support a variety of business critical activities including design and engineering, risk assessment, asset integrity and optimization, QHSE, and ship management. Our worldwide presence facilitates a strong customer focus and efficient sharing of industry best practice and standards.


Developed specifically for energy utilities, Cascade software for technical asset management and predictive maintenance allows you to minimize the risk of failure and maximize equipment lifetimes in the most cost-effective way, increasing reliability, proving and managing compliance and optimizing operations and assets.


Technical asset management and predictive maintenance for transmission and distribution networks

Find out more about Cascade and its modules.