TechnipFMC Expands Renewable Energy Market Share
TechnipFMC just announced a partnership with Magnora ASA (Magnora) to develop floating offshore wind projects. The top-rated service company announced today that it has entered into an agreement to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind.
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. The company is organized into two business segments — Subsea and Surface Technologies — and seeks to continuously advance the industry with pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation. With proprietary technologies and comprehensive solutions, they are transforming clients’ project economics, by helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
“Magnora and TechnipFMC bring together decades of combined knowledge in the development of profitable offshore energy projects. This partnership is in-line with our ambition to carve a significant position in the renewable offshore energy market. We are delighted to support Magnora Offshore Wind by providing our expertise and know-how in bringing innovative offshore energy solutions to the market.”- Jon Landes, President Subsea at TechnipFMC
Magnora is a renewable energy development company with a strategic track record within renewable energy. Combined with their unique technologies, experience in project management and integrated EPCI™ projects as well as our Deep Purple™ solution for green hydrogen - integrating wind and wave energy - this partnership enables Magnora Offshore Wind to make significant steps in the growing offshore floating wind market.
"In Magnora you find some of the world’s leading experts within wind development. Coupled with TechnipFMC’s project management competence and extensive service and technology portfolio, we believe we can provide a market-leading floating offshore wind offering. TechnipFMC’s ‘Deep Purple™’ initiative, which utilizes offshore wind to produce hydrogen for offshore assets, is another exciting avenue we will be jointly looking to explore.” - Torstein Sanness, Executive Chairman of Magnora