A strategic agreement for renewable energy
TechnipFMC and Prysmian recently announced an important collaboration to accelerate the development of floating offshore wind power. This agreement represents a significant step towards satisfying the growing demand for renewable electricity, a rapidly expanding global sector. The two companies, leaders in their field, will combine their expertise to offer innovative and integrated solutions, thus contributing to a more sustainable future
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Union of technologies and skills
The synergy between TechnipFMC and Prysmian is based on the integration of their advanced technologies. TechnipFMC will bring its expertise in the design and integration of dynamic offshore applications, while Prysmian will contribute its leadership in the production and installation of submarine cable systems. This collaboration aims to develop a unique solution that covers the entire process, from the seabed to the sea surface, thus optimizing operations and improving the economic efficiency
of the projects.
Integrated business model
Companies intend to implement a fully integrated business model, known as iEPCI (Engineering, Procurement, Construction and Installation). This innovative approach includes the management of mooring, anchoring and dynamic cable systems, both inter-array and export. Thanks to this integration, a significant reduction in execution times and an improvement in the overall economy of the project are expected. The official note highlights how this new solution could represent a turning point for the renewable energy sector
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Impact on the market and future prospects
The news of the collaboration had an immediate impact on the markets, with a cautious start in Piazza Affari and in Europe. Investors are closely monitoring the US elections and the Federal Reserve meeting, events that could further affect the energy sector. In addition, the total stock of the national energy system, which amounts to 18.7 billion cubic meters, represents an important indicator for market stability. Ryanair has also revised its growth expectations due to delays in aircraft deliveries, highlighting how the energy and transport sector is interconnected and influenced
by external factors.