TechnipFMC Announces Strategic Investment with Orbital Marine Power

Source: www.gulfoilandgas.com 11/17/2021, Location: North America

TechnipFMC (FTI) signed a Memorandum of Understanding with Orbital Marine Power (Orbital), a pioneer of tidal energy technology, to jointly collaborate in tidal energy to accelerate the global commercialization of Orbital’s technology and deliver the first commercial scale floating tidal field.

Orbital’s unique floating turbine, the most powerful in the world to date, can harness underwater currents generated by tides, which can then be converted into electricity and exported to shore. Because of its predictability, tidal energy offers a reliable and consistent form of renewable energy. Tidal energy has the ability to make a cost-effective contribution to net zero transitions around the world at a utility scale.

When combined with TechnipFMC’s integrated approach, industrialization capabilities and project management expertise, Orbital’s technology can be scaled-up to to meet the increasing demand for renewable energy and significantly lower the cost of delivering tidal energy.

Luana Duffé, Executive Vice President, New Energy Ventures at TechnipFMC, commented: “We are very excited to collaborate with Orbital in the tidal energy market. By combining our system integration capabilities with their technical expertise and differentiated turbine technology, we will scale-up our combined offering to deliver more renewable energy to the market.”

Andrew Scott, Chief Executive Officer, Orbital, commented: “This TechnipFMC investment is a major endorsement of the tidal energy solution we have developed at Orbital Marine Power, and we are hugely excited to be working with such a leading company in the global offshore energy sector on the commercial roll out of our vision for tidal energy.”


Canada >>  8/3/2022 - Capstone Green Energy Corporation (CGRN) secured a follow-on order for two C200S high-pressure natural gas microturbine systems. The customer is a Can...
United Kingdom >>  8/2/2022 - Dagang NeXchange Berhad (“DNeX”), via its subsidiary Ping Petroleum UK PLC (“Ping”), has signed a Memorandum of Understanding (“MoU”) with Cerulean Wi...

Malaysia >>  8/1/2022 - Capstone Green Energy Corporation's distributor in Malaysia and Brunei, Sekito, has secured an order for a 200 kW microturbine-based system for an oil...
Russia >>  7/29/2022 - Concrete was poured for the first wind turbine foundation at the Trunovskaya Wind Farm in the Stavropol Krai (Southern Russia).
<...


China >>  7/21/2022 - Representatives from Van Oord, DNV, and CIMC Raffles attended the commencement ceremony for the Van Oord JUV BOREAS, a wind turbine installation vesse...
Taiwan >>  7/21/2022 - Taiwan’s Formosa 2 offshore wind project has passed two major construction milestones, completing the installation of 12 turbines and successfully tra...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.