ENERGY

Magnora and TechnipFMC (FTI) to Form Floating Wind Power

TechnipFMC | March 22, 2021

TechnipFMC plc FTI recently announced an agreement with Magnora, a clean energy corporation headquartered in Norway, to jointly develop and support floating offshore wind opportunities.

Magnora primarily owns clean energy growth projects in the offshore wind, onshore wind, and solar sectors. The collaboration will aim to draw on Magnora's clean energy experience as well as TechnipFMC's.

Magnora Offshore Wind has already started the application process for the first phase of seabed leasing under the Scottish government's ScotWind Leasing project. In addition, the merged company is considering engaging in Norway's first offshore wind application round, which starts this year and has ambitions to develop into new markets in the immediate future.

Jonathan Landes, president, subsea, TechnipFMC stated that “Magnora and TechnipFMC bring together decades of combined knowledge regarding the development of profitable offshore energy projects. This partnership reflects TechnipFMC’s ambition to capture 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.”

About TechnipFMC

TechnipFMC is a leading manufacturer and provider of energy-related devices, services, and fully integrated technology solutions. Technip and FMC Technologies merged in January 2017, creating a group that develops, produces, and operates technologically innovative systems and devices for subsea, onshore/offshore, and surface projects.

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Ricardo Innovative Climate-Repairing Carbon Negative Technology to Support National Energy Security

Ricardo | July 12, 2022

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ZeroAvia & Otto Aviation Partner to Deliver First New Airframe Design with Hydrogen-Electric Engine Option

ZeroAvia | June 15, 2022

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SOLAR+STORAGE

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TurningPoint Energy, | July 29, 2022

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In September 2021, Illinois substantially expanded its community solar program when Governor JB Pritzker signed into law S.B. 2408, The Climate and Equitable Jobs Act.” The comprehensive renewable bill created a pathway to 100% clean energy in the State by 2050, including expanding community solar for the benefit of local homeowners, businesses, municipalities, and other organizations. “Our entrance and commitment to the Illinois community solar market is in direct response of the clear market signal provided by the State of Illinois’s political leadership that it is committed to climate and equitable jobs for its energy industry forward, Our team has been delivering community solar to communities throughout the country, and we’re excited to expand our services to communities in Illinois. 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