TechnipFMC and Bombora Form Strategic Partnership to Develop a Floating Wave and Wind Power Project

LONDON, PARIS, HOUSTON, April 01, 2021 — 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 mWaveTMtechnology, we are confident InSPIRE will play a key role in the offshore energy sector.

For more information, please visit www.inspireoffshoreenergy.com

TFMC Bombora InSPIRE Integrated Platform

TechnipFMC and Bombora’s InSPIRE project is developing a hybrid system of combined floating wind and wave power targeting a generating capacity of 18 megawatts.

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