TechnipFMC and Prysmian Announce Floating Offshore Wind Collaboration Agreement
TechnipFMC (NYSE: FTI) and Prysmian (MILAN: PRY) have signed a collaboration agreement to accelerate global development of floating offshore wind power. The partnership combines TechnipFMC's system design and integration expertise in dynamic offshore applications with Prysmian's leadership in submarine power cable systems. The companies will deliver an optimized solution through a fully integrated Engineering, Procurement, Construction and Installation (iEPCI™) model, covering mooring, anchoring, and dynamic inter-array and export cable systems. This integrated approach aims to improve project economics and reduce execution risks in offshore wind development.
TechnipFMC (NYSE: FTI) e Prysmian (MILANO: PRY) hanno firmato un accordo di collaborazione per accelerare lo sviluppo globale dell'energia eolica offshore galleggiante. La partnership combina l'esperienza di TechnipFMC nella progettazione dei sistemi e integrazione in applicazioni offshore dinamiche con la leadership di Prysmian nei sistemi di cavi sottomarini per l'energia. Le aziende forniranno una soluzione ottimizzata attraverso un modello completamente integrato di Ingegneria, Approvvigionamento, Costruzione e Installazione (iEPCI™), che copre ancoraggio, sistema di ormeggio e cavi inter-array e di esportazione dinamici. Questo approccio integrato mira a migliorare l'economia del progetto e ridurre i rischi di esecuzione nello sviluppo dell'energia eolica offshore.
TechnipFMC (NYSE: FTI) y Prysmian (MILÁN: PRY) han firmado un acuerdo de colaboración para acelerar el desarrollo global de la energía eólica flotante en alta mar. La asociación combina la experiencia de TechnipFMC en el diseño de sistemas e integración en aplicaciones offshore dinámicas con el liderazgo de Prysmian en sistemas de cables submarinos para energía. Las empresas ofrecerán una solución optimizada a través de un modelo completamente integrado de Ingeniería, Adquisición, Construcción e Instalación (iEPCI™), que abarca sistemas de amarre, anclaje y cables dinámicos inter-array y de exportación. Este enfoque integrado tiene como objetivo mejorar la economía del proyecto y reducir los riesgos de ejecución en el desarrollo de la energía eólica offshore.
TechnipFMC (NYSE: FTI)와 Prysmian (밀라노: PRY)는 부유식 해상 풍력 발전의 글로벌 개발을 가속화하기 위한 협력 계약을 체결했습니다. 이 파트너십은 동적 해상 응용 프로그램에 대한 TechnipFMC의 시스템 설계 및 통합 전문성과 Prysmian의 해저 전력 케이블 시스템에서의 리더십을 결합합니다. 두 회사는 계류, 앵커링 및 동적 인터 배열 및 수출 케이블 시스템을 포함하는 완전 통합된 엔지니어링, 조달, 건설 및 설치(iEPCI™) 모델을 통해 최적화된 솔루션을 제공합니다. 이 통합 접근법은 프로젝트 경제성을 개선하고 해상 풍력 개발의 실행 위험을 줄이는 것을 목표로 합니다.
TechnipFMC (NYSE: FTI) et Prysmian (MILAN: PRY) ont signé un accord de collaboration pour accélérer le développement mondial de l'énergie éolienne flottante en mer. Ce partenariat combine l'expertise de TechnipFMC en conception de systèmes et intégration dans des applications offshore dynamiques avec le leadership de Prysmian dans les systèmes de câbles sous-marins. Les entreprises fourniront une solution optimisée grâce à un modèle d'Ingénierie, d'Approvisionnement, de Construction et d'Installation (iEPCI™) entièrement intégré, couvrant l'amarre, l'ancrage et les systèmes de câbles dynamiques inter-array et d'exportation. Cette approche intégrée vise à améliorer l'économie de projet et à réduire les risques d'exécution dans le développement de l'énergie éolienne offshore.
TechnipFMC (NYSE: FTI) und Prysmian (Mailand: PRY) haben eine Zusammenarbeit vereinbart, um die globale Entwicklung von schwimmenden Offshore-Windkraftanlagen zu beschleunigen. Die Partnerschaft kombiniert das Systemdesign und die Integrationskompetenz von TechnipFMC in dynamischen Offshore-Anwendungen mit der Führungsrolle von Prysmian in der Unterwasserkabeltechnik. Die Unternehmen werden eine optimierte Lösung über ein vollständig integriertes Modell der Ingenieur-, Beschaffungs-, Bau- und Installationsleistungen (iEPCI™) bereitstellen, das Anker-, Verankerungs- und dynamische Inter-Array- und Exportkabelsysteme umfasst. Dieser integrierte Ansatz zielt darauf ab, die Wirtschaftlichkeit von Projekten zu verbessern und die Ausführungsrisiken bei der Entwicklung von Offshore-Windkraft zu reduzieren.
- Strategic partnership combining complementary expertise in offshore wind sector
- Potential for improved project economics through integrated execution model
- Reduced execution risks through combined technological capabilities
- Enhanced market position in emerging floating offshore wind sector
- None.
Insights
The collaboration agreement brings together the technologies and competencies of these two offshore industry leaders, providing the unique capabilities to pioneer a complete water column solution, from seabed to ocean surface. The collaboration will leverage the unparalleled expertise of TechnipFMC’s system design and integration capabilities in dynamic offshore applications with Prysmian’s global leadership in the production and installation of submarine power cable systems.
The companies aim to deliver the optimized solution through a fully integrated Engineering, Procurement, Construction and Installation (iEPCI™) commercial model. Integrated execution of this new solution—which includes mooring and anchoring and both dynamic inter-array and export cable systems—will improve project economics and derisk execution plans.
Massimo Battaini, CEO at Prysmian, commented: “This agreement is a great example of a solid cooperation between two industry leaders. Prysmian’s leadership is defined by our unwavering commitment to innovation. Our tailor-made solutions for customers reinforce our capabilities to deliver groundbreaking technology worldwide, helping to drive the global energy transition.”
Doug Pferdehirt, Chair and CEO at TechnipFMC, commented: “We are excited to partner with Prysmian, the worldwide leader in cabling solutions for the energy transition and digital transformation. The collaboration strengthens both companies’ position in this emerging market by providing an integrated solution that accelerates time to first power and reduces cost, while improving overall system reliability. This innovative subsea offering will create significant value for our customers and further differentiate TechnipFMC as the leading architect for offshore energy.”
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “expect,” “believe,” “estimated,” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, including our assumptions and projections regarding the expected benefits of the collaboration agreement, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 21,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on X @TechnipFMC.
About Prysmian
Prysmian is a global cabling solutions provider leading the energy transition and digital transformation. By leveraging its wide geographical footprint and extensive product range, its track record of technological leadership and innovation, and a strong customer base, the company is well-placed to capitalize on its leading positions and win in new, growing markets. Prysmian’s business strategy perfectly matches key market drivers by developing resilient, high-performing, sustainable and innovative cable solutions in the segments of Transmission, Power Grid, Electrification and Digital Solutions. Prysmian is a public company listed on the Italian Stock Exchange, with almost 150 years of experience, about 30,000 employees, 108 plants and 26 R&D centres in over 50 countries, and sales of over
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Prysmian Contacts
Investor relations
Cristina Bifulco
Chief Investor Relations, Sustainability and Communication Officer
Email: mariacristina.bifulco@prysmian.com
Media relations
Jonathan Heywood
Media Relations & Marketing Director
Mob: +39.331.6573546 Email: media@prysmian.com
jonathan.heywood@prysmian.com
TechnipFMC Contacts
Investor relations
Matt Seinsheimer
Senior Vice President, Investor Relations and Corporate Development
Tel: +1 281 260 3665
Email: InvestorRelations@TechnipFMC.com
James Davis
Director, Investor Relations
Tel: +1 281 260 3665
Email: InvestorRelations@TechnipFMC.com
Media relations
David Willis
Senior Manager, Public Relations
Tel: +44 7841 492988
Email: Media@TechnipFMC.com
Source: TechnipFMC plc
FAQ
What is the purpose of TechnipFMC and Prysmian's collaboration agreement?
How will the TechnipFMC (FTI) and Prysmian partnership benefit offshore wind projects?
What technologies are included in the TechnipFMC (FTI) and Prysmian offshore wind collaboration?
