Innovation is often driven by novel designs, regulatory changes, design modifications or new applications. While the upsides can be commercially and strategically critical, the introduction of novel technologies can also bring high risk, usually outside the scope of conventional assessment processes.
The application of innovative technologies can be difficult due to unknown inherent risks within the technology itself or other technologies it may interface with. These risks need to be identified, investigated, quantified, and managed through a robust assessment process providing an additional layer of confidence that the technology has been independently assessed to reduce operational risk and enhance safety.
What we offer
The Lloyd's Register’s Certification through Technology Qualification process is a logical three-stage process for assessing the components (and subcomponents) of novel technologies in terms of their technology maturity and associated risks. It consists of Verification, Validation, and a Performance Review to ensure the technology can meet or exceed the technology goals for which it was designed.
The outcome from this three-stage assessment process enables a novel technology to be certified. Technology Qualification can be applied at any stage of the technology development, though there are distinct advantages to early engagement with the process.
What are the benefits?
Manage technology-related risks and provide confidence to all stakeholders that the technology is capable of achieving its objectives with an acceptable level of confidence.
Our systematic, evidence-based process delivers a range of important outcomes:
- Optimises and accelerates development programmes
- Supports financial decision gates by assessing technology feasibility and maturity
- Addresses stakeholders’ uncertainties – including investors, regulators, and customers
- Examines the potential impacts of combining novel and existing technologies
- Substantiates the performance claims of the technology – enhancing the credibility of technology or new product
- Reduces technical and commercial risk exposure
- May offer lower insurance premiums
- Reduces technical barriers to trade
- Augments cross-border marketing potential
LR is committed to safety and sustainability, so innovation to meet our goals is central to everything we do. The guidance notes for Certification through Technology Qualification represent a recommended practice based upon several years of experience with certifying multiple technologies from marine, decarbonisation, oil and gas through to the renewables sector.
LR's third-party certification services deliver the confidence manufacturers and clients need, providing the technical expertise to ensure products and components meet the highest standards.
Delivering certification services
LR is your trusted adviser for all compliance and performance requirements, offering services that make your business safe, sustainable and efficient.
A collaborative partnership
We do more than tell you that your product has passed or failed. We support you by connecting you with expertise and sharing our domain experience to add value and provide clarity to the technical detail.
Sustainability built on a foundation of safety
We are founded on social purpose values and safety has been at the heart of our work since the very beginning. LR is agile, adaptable and focused on delivering sustainable change for the future. Learn more by exploring our sustainability story.
We are accelerating our technical capability, transitioning to more digital services to give you access to technical expertise, whether in person or remote. Through digital transformation, we utilise data and real-time intelligence to provide transparency and oversight throughout the project lifecycle.
A trusted brand with technical excellence
We partner with you to support maritime in achieving its decarbonisation objectives and driving performance across the ocean economy. We help you mitigate risk, enhance operations and make intelligent investment decisions.
Your business helps LR to help others
Our generated profits fund the Lloyd's Register Foundation, an independent charity supporting research, innovation and education to make the world a safer place.