Denove won a Clavell de Plata Award at the Sitges – Catalonian International Film Festival in 1982 for Best Cinematography on the film The Last Horror Film. In 1991 he won a Technical Achievement Award from the Academy Awards for the development and manufacture of the Belco Denove Cinemeter, shared with Belco Associates, Inc.'s William L. Blowers. He chaired the Cinematography Department at the American Film Institute between 1988 and 1994 and is on the UCLA film, television and digital media faculty.