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Prysmian and TechnipFMC Announce Floating Offshore Wind Collaboration Agreement

Prysmian and TechnipFMC Announce Floating Offshore Wind Collaboration Agreement

Prysmian and TechnipFMC Announce Floating Offshore Wind Collaboration Agreement

Prysmian and TechnipFMC announced the signature of a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity.

“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.”

Massimo Battaini

Massimo Battaini

CEO at Prysmian

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.