FX.co ★ TechnipFMC, Prysmian Enter Floating Offshore Wind Collaboration Agreement - Quick Facts

TechnipFMC and Prysmian have entered into a collaboration agreement aimed at accelerating the global advancement of floating offshore wind energy, addressing the increasing demand for renewable electricity. Through a comprehensive Engineering, Procurement, Construction, and Installation (EPCI) commercial model, the firms aim to deliver an optimized solution.

Doug Pferdehirt, the Chair and CEO of TechnipFMC, commented, "This collaboration enhances both companies' roles in this burgeoning market by delivering an integrated solution that quickens the transition to initial power production and lowers costs, all while boosting overall system reliability."