Case Study: DNV GL achieves clear, risk-based ROI insights for energy systems with Palisade @RISK

Det Norske Veritas (DNV) uses @RISK to Identify Risks in Energy Systems

DNV GL, a global provider of risk-management and technical services for the energy and maritime sectors, needed to compare and quantify risks and ROI across traditional (nuclear, oil & gas, CO2 recycling) and non‑traditional (wind, solar) energy systems. To establish probability baselines and make risk tangible for clients, DNV GL used Palisade’s @RISK Monte Carlo simulation software.

Palisade’s @RISK let DNV GL run probabilistic models (triangular distributions, Monte Carlo) and sensitivity analyses to identify key risk drivers: regional deployment strongly affected solar/wind carbon payback, nuclear storage sensitivities flipped by phase, worst‑case flow conditions for riser corrosion were isolated, and a CO2 recycling cell design was changed to cut NaOH consumption and improve NPV. Using Palisade, DNV GL quantified outcome probabilities, prioritized mitigation, and delivered clearer, data‑driven risk forecasts to clients.

DNV GL

Davion Hill

Senior Researcher