TechnipFMC (NYSE: FTI) (PARIS: FTI), a global leader in the energy industry, and Bombora, a leading wave energy technology company, have formed a strategic partnership to develop a floating wave and wind power project in support of a more sustainable future.
The relationship brings together TechnipFMC’s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI™) projects offshore with Bombora’s patented multi-megawatt mWave™ technology that converts wave energy into electricity.
The partnership will initially focus on TechnipFMC and Bombora’s InSPIRE project. With engineering work initiated in November 2020, the partnership is developing a hybrid system utilizing Bombora’s mWave™ technology. The hybrid system demonstrator will deliver 6 megawatts of combined floating wind and wave power, followed by Series 1 and Series 2 commercial platforms which are expected to deliver 12 and 18 megawatts, respectively.
Jonathan Landes, President Subsea at TechnipFMC, commented: “Our core competencies and integration capabilities make us an ideal system architect and partner in developing renewable energy solutions alongside Bombora’s experience and unique, patented mWave™ technology. We are delighted to work on a project that advances our commitment to the environment while contributing toward a more sustainable future.”
Sam Leighton, Bombora’s Managing Director, said: “Bombora is collaborating with TechnipFMC to accelerate development of our floating integrated mWaveTM platform solutions for commercial wind farms. With TechnipFMC’s extensive track record of delivering large-scale projects to the energy sector and Bombora’s innovative mWaveTM technology, we are confident InSPIRE will play a key role in the offshore energy sector.”
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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.
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About Bombora and mWave™
Based in Pembroke Dock in West Wales, Bombora is a leading marine energy company that has developed a membrane style wave energy converter called ‘mWave™’.
mWaveTM can be located in both nearshore and offshore sites with good wave resources to generate sustainable clean energy. mWaveTM is unique among wave energy converters as it simultaneously addresses the ‘cost of energy’ and ‘ocean wave survivability’ challenges while delivering a utility scale solution.
Bombora is currently completing the 1.5 megawatt mWaveTM Pembrokeshire Demonstration Project in Wales, part funded by £13.4 million from the European Regional Development Fund (ERDF) through the Welsh Government.
Bombora is progressing further opportunities in Lanzarote, Japan, Ireland and Australia.
For more information, please visit www.inspireoffshoreenergy.com
Images available on request.
Vice President Investor Relations
Tel: +1 281 260 3665
Email: Matt Seinsheimer