Innovation is often driven by novel designs, regulatory changes, design modifications or new applications. But whilst the upsides can be commercially and strategically critical, the introduction of novel technologies can also introduce high-risk, usually outside the scope of conventional assessment processes designed to function with existing Rules, Standards, or industry practices.
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, although still being refined or incapable of conforming to the requirements of published Standards or normative Rules. 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?
Lloyd’s Register’s Certification through Technology Qualification is a systematic evidence-based process for managing technology-related risks, providing confidence to all stakeholders that the technology is capable of achieving its objectives with an acceptable level of confidence.
This 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 a 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
Why choose LR?
Lloyd's Register 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 represents a recommended practice based upon several years of experience with certifying multiple technologies from marine, decarbonisation, oil and gas through to the renewables sector, and even technologies such as automated aerial vehicles and additive manufacturing.
Following the issuance of a certificate through Technology Qualification, a certified technology can undergo further certifications for specific regulatory requirements, as appropriate. Please refer to the Guidance notes for Certification through Technology Qualification for more details.
Here are some other services that you might be interested in.
What we think
LR's experts regularly share their research and insights.