{"id":470141,"date":"2021-04-01T16:18:35","date_gmt":"2021-04-01T20:18:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470141"},"modified":"2021-04-01T16:18:35","modified_gmt":"2021-04-01T20:18:35","slug":"technipfmc-and-bombora-form-strategic-partnership-to-develop-a-floating-wave-and-wind-power-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-and-bombora-form-strategic-partnership-to-develop-a-floating-wave-and-wind-power-project\/","title":{"rendered":"TechnipFMC and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position:inside; }\n.bwuline { text-decoration: underline; }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nTechnipFMC and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project\n<\/p>\n<p>LONDON &amp; PARIS &amp; HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTechnipFMC (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.\n<\/p>\n<p>\nThe relationship brings together TechnipFMC\u2019s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI\u2122) projects offshore with Bombora\u2019s patented multi-megawatt mWave\u2122 technology that converts wave energy into electricity.\n<\/p>\n<p>\nThe partnership will initially focus on TechnipFMC and Bombora\u2019s InSPIRE project. With engineering work initiated in November 2020, the partnership is developing a hybrid system utilizing Bombora\u2019s mWave\u2122 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.\n<\/p>\n<p>\nJonathan Landes, President Subsea at TechnipFMC, commented: \u201c<i>Our core competencies and integration capabilities make us an ideal system architect and partner in developing renewable energy solutions alongside Bombora\u2019s experience and unique, patented mWave\u2122 technology. We are delighted to work on a project that advances our commitment to the environment while contributing toward a more sustainable future<\/i>.\u201d\n<\/p>\n<p>\nSam Leighton, Bombora\u2019s Managing Director, said: \u201c<i>Bombora is collaborating with TechnipFMC to accelerate development of our floating integrated mWave<sup>TM<\/sup> platform solutions for commercial wind farms. With TechnipFMC\u2019s extensive track record of delivering large-scale projects to the energy sector and Bombora\u2019s innovative mWave<sup>TM<\/sup> technology, we are confident InSPIRE will play a key role in the offshore energy sector<\/i>.\u201d\n<\/p>\n<p class=\"bwalignc\"><b>###<\/b><\/p>\n<p><b>Important Information for Investors and Securityholders<\/b><\/p>\n<p>\nForward-Looking Statement\n<\/p>\n<p>\nThis release contains &#8220;forward-looking statements&#8221; 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 \u201cbelieve\u201d, \u201cestimated\u201d 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, 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.\n<\/p>\n<p class=\"bwalignc\"><b>### <\/b><\/p>\n<p><b>About TechnipFMC<\/b><\/p>\n<p>\nTechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.\n<\/p>\n<p>\nWith our proprietary technologies and comprehensive solutions, we are transforming our clients\u2019 project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.\n<\/p>\n<p>\nOrganized in two business segments \u2014 Subsea and Surface Technologies \u2014 we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI\u2122, iFEED\u2122 and iComplete\u2122), technology leadership and digital innovation.\n<\/p>\n<p>\nEach of our approximately 20,000 employees is driven by a commitment to our clients\u2019 success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.\n<\/p>\n<p><b>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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.technipfmc.com%2F&amp;esheet=52405653&amp;newsitemid=20210401005878&amp;lan=en-US&amp;anchor=www.TechnipFMC.com&amp;index=1&amp;md5=f3aff8856e360dc6d1c621bf36fe58b2\">www.TechnipFMC.com<\/a> and follow us on Twitter @TechnipFMC.<\/b><\/p>\n<p><b>About Bombora and mWave\u2122<\/b><\/p>\n<p>\nBased in Pembroke Dock in West Wales, Bombora is a leading marine energy company that has developed a membrane style wave energy converter called \u2018mWave\u2122\u2019.\n<\/p>\n<p>\nmWave<sup>TM<\/sup> can be located in both nearshore and offshore sites with good wave resources to generate sustainable clean energy. mWave<sup>TM<\/sup> is unique among wave energy converters as it simultaneously addresses the \u2018cost of energy\u2019 and \u2018ocean wave survivability\u2019 challenges while delivering a utility scale solution.\n<\/p>\n<p>\nBombora is currently completing the <b>1.5 megawatt mWave<sup>TM<\/sup> Pembrokeshire Demonstration Project<\/b> in Wales, part funded by \u00a313.4 million from the European Regional Development Fund (ERDF) through the Welsh Government.\n<\/p>\n<p>\nBombora is progressing further opportunities in Lanzarote, Japan, Ireland and Australia.\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bomborawave.com&amp;esheet=52405653&amp;newsitemid=20210401005878&amp;lan=en-US&amp;anchor=www.bomborawave.com&amp;index=2&amp;md5=53a3cb78df94f53d31d8a6ee2e83b47e\">www.bomborawave.com <\/a><\/p>\n<p>\nFor more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.inspireoffshoreenergy.com&amp;esheet=52405653&amp;newsitemid=20210401005878&amp;lan=en-US&amp;anchor=www.inspireoffshoreenergy.com&amp;index=3&amp;md5=13441d808a48db3d39d3887c5169408b\">www.inspireoffshoreenergy.com<br \/>\n<\/a><br \/>Images available on request.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210401005878r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210401005878\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210401005878\/en\/<\/a><\/span><\/p>\n<p><b>TechnipFMC Contacts<br \/>\n<\/b><br \/><b>Investor relations<br \/>\n<\/b><br \/>Matt Seinsheimer<br \/>\n<br \/>Vice President Investor Relations<br \/>\n<br \/>Tel: +1 281 260 3665<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:InvestorRelations@TechnipFMC.com\">Matt Seinsheimer <\/a><\/p>\n<p>\nJames Davis<br \/>\n<br \/>Senior Manager Investor Relations<br \/>\n<br \/>Tel: +1 281 260 3665<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:InvestorRelations@TechnipFMC.com\">James<\/a><span class=\"bwuline\"> Davis <\/span><\/p>\n<p><b>Media relations<br \/>\n<\/b><br \/>Nicola Cameron<br \/>\n<br \/>Vice President Corporate Communications<br \/>\n<br \/>Tel: +44 1383 742297<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@technipfmc.com\">Nicola Cameron <\/a><\/p>\n<p>\nBrooke Robertson<br \/>\n<br \/>Public Relations Director<br \/>\n<br \/>Tel: +1 281 591 4108<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@TechnipFMC.com\">Brooke Robertson<\/a><\/p>\n<p><b>Bombora Contacts<br \/>\n<\/b><br \/>Sam Leighton<br \/>\n<br \/>Managing Director<br \/>\n<br \/>T: +44 1646 233140<br \/>\n<br \/>M: +44 7981 844125<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:sam@bomborawave.com\">sam@bomborawave.com <\/a><\/p>\n<p>\nFfion Wright<br \/>\n<br \/>Marketing and Communications Manager<br \/>\n<br \/>T: +44 1646 233140<br \/>\n<br \/>M: +44 7890 636898<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ffion@bomborawave.com\">ffion@bomborawave.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America France United States United Kingdom Europe Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Utilities Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005878\/en\/564651\/3\/TechnipFMC_H_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TechnipFMC and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project LONDON &amp; PARIS &amp; HOUSTON&#8211;(BUSINESS WIRE)&#8211; 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\u2019s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI\u2122) projects offshore with Bombora\u2019s patented multi-megawatt mWave\u2122 technology that converts wave energy into electricity. The partnership will initially focus on TechnipFMC and Bombora\u2019s InSPIRE project. With engineering work initiated in November 2020, the partnership is developing a hybrid system utilizing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-and-bombora-form-strategic-partnership-to-develop-a-floating-wave-and-wind-power-project\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TechnipFMC and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470141","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TechnipFMC and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-and-bombora-form-strategic-partnership-to-develop-a-floating-wave-and-wind-power-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechnipFMC and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project LONDON &amp; PARIS &amp; HOUSTON&#8211;(BUSINESS WIRE)&#8211; 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\u2019s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI\u2122) projects offshore with Bombora\u2019s patented multi-megawatt mWave\u2122 technology that converts wave energy into electricity. The partnership will initially focus on TechnipFMC and Bombora\u2019s InSPIRE project. 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The relationship brings together TechnipFMC\u2019s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI\u2122) projects offshore with Bombora\u2019s patented multi-megawatt mWave\u2122 technology that converts wave energy into electricity. The partnership will initially focus on TechnipFMC and Bombora\u2019s InSPIRE project. 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