EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research
partners are joining forces to develop a conceptual engineering and
economic feasibility study for a new offshore system for green
hydrogen production from offshore wind power, called the BEHYOND
project. The study will include innovative integration of equipment
for the production and conditioning of green hydrogen and
infrastructure that allows for its transportation to the coast. The
goal is to create a unique concept that can be standardized and
implemented worldwide, allowing for large-scale hydrogen
production.
BEHYOND brings together global players in energy, EDP and
TechnipFMC, with the CEiiA research center - Center for Engineering
and Development, WavEC Offshore Renewables, and the University of
South-Eastern Norway (USN). The joint development will allow the
consortium partners to position themselves in the hydrogen value
chain, developing new business models and creating engineering
solutions, new products and services for the hydrogen sector,
worldwide.
This consortium will strengthen cooperation between Portugal and
Norway and increase Portugal's competitiveness in the growth of the
“blue economy.” The BEHYOND project was selected for support by the
Blue Growth Programme of the European Economic Area Financial
Mechanism (EEA Grants).
EDP, through the participation of EDP NEW and EDP Inovação, is
the project coordinator and the entity responsible for the
implementation of several phases, namely the strategic evaluation
of the offshore wind-to-hydrogen market, the definition of viable
business cases and the technology roadmap to reach commercial
maturity.
Each member of the consortium brings specific competences that
are complementary:
- EDP brings expertise in the development of offshore wind and in
the implementation of innovative and complex projects, such as the
WindFloat, a pioneer floating offshore solution.
- TechnipFMC brings its extended history in subsea engineering,
expertise developed on its Deep Purple™ green hydrogen project, and
essential system integration abilities.
- CEiiA has extended its experience of developing complex
structures for sectors, including aerospace into the marine
environment, and has competencies in systems, electronics, and
connectivity.
- WavEC Offshore Renewables is a R&D consultancy encompassing
all marine renewable technologies, and a reference institution in
the field in Europe.
- USN is applying systems engineering techniques to gain early
understanding of the needs of the overall systems, reducing risks
in the latter phases.
“The BEHYOND project will allow EDP to acquire the required
know-how to enter new markets with clear synergies with our core
activities. Green hydrogen produced from renewables is likely to
become a key lever in the world’s decarbonization effort while
mitigating the variability of offshore renewables and enhancing
energy system’s flexibility. But we need to act now, in
collaboration with the best technology and R&D partners, to
address all the main technical and business challenges. For this
reason, we are very enthusiastic to partner with TechnipFMC, a
leader in the offshore sector with a growing sustainability vision
and demonstrated engineering expertise. Moreover, by leading the
BEHYOND project, EDP is anticipating a key trend and preparing the
company for the future of energy,” said Ana Paula Marques,
executive board member of EDP.
Hydrogen is a strategic area in the global development of clean
energies and in which EDP aims to invest worldwide. By leading the
BEHYOND project, the company is anticipating, leading the key trend
and contributing to a sustainable future.
Jonathan Landes, President, Subsea at TechnipFMC, said, “We have
the skills and expertise to contribute value to this study from our
decades of experience in subsea, as well as the knowledge we have
built during our ongoing Deep Purple™ green hydrogen project. The
BEHYOND study also fits with our longer-term ESG goals. The
involvement of a company with EDP’s strong market position
demonstrates the increased focus and interest in the evolution of
offshore hydrogen technology, as well as its potential to help meet
the world’s long-term energy needs.”
About hydrogen
Hydrogen will be central to the future of the energy sector,
decarbonizing sectors that are hard to electrify while mitigating
the technical and economic impacts of intermittent renewable
energy. These aspects will both be crucial to achieving the
zero-emission social target. According to the European Hydrogen
Strategy, the need for green hydrogen production in Europe will
grow substantially and could account for 24% of energy demand in
2050, which will require the large-scale development of
hydrogen-producing renewable energies solutions, both domestically
and offshore. In this context, the production of offshore hydrogen
has aroused more and more interest as a solution able to take
advantage of natural resources, such as the abundant wind on the
high seas, thus mitigating congestion on the electricity grid on
land and providing a more economical means of transportation to the
land.
NOTES FOR EDITORS
About EDP
EDP (listed in Euronext Lisbon) is a Portuguese integrated
energy utility employing more than 10.000 people, with a global
presence in a total of 19 countries. EDP is a major multinational
energy company, producing, distributing, trading and selling energy
(electricity and gas) worldwide. EDP has become a reference in
renewable energy sector through EDP Renewables and is one of the
largest wind energy operators.
EDP NEW - Center for New Energy Technologies, founded in 2014,
is a subsidiary of the EDP Group dedicated to research and
development in the energy sector. Its mission is to create
possibilities to lead the energy transition, with a strong focus in
technology demonstration projects funded through competitive
R&D programmes notably Horizon 2020. EDP NEW is organized in 5
knowledge areas each representing a future innovation pillar for
the EDP Group: Interoperable Smart Energy Grids, Positive Energy
Communities, RES technologies, RES integration and Flexibility and
Digital Energy. Energy Communities, RES technologies, RES
integration and Flexibility and Digital Energy. For further
information, please visit
https://www.edp.com/en/edp-new#about-us
EDP Inovação S.A. is a fully owned subsidiary of the EDP Group
and has the mission to promote value-adding innovation across the
energy value chain. EDP Inovação promotes technology demonstration
projects and venture capital investments in the clean energy
area.
About TechnipFMC
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.
Each of our approximately 20,000 employees are driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
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 www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
Important Information for TechnipFMC Investors and
Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" 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 “believe”, “estimated” 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.
About WavEC
WavEC is a Portuguese non-for-profit Expert Consultant with a
strong R&D background in marine renewable energy with an offer
structured in six areas: complex systems engineering, environmental
monitoring & impact assessment, strategy & policy advise,
offshore logistics & infrastructures, instrumentation &
data acquisition, site & project development.
WavEC is a co-founder and member of the Board of Ocean Energy
Europe and provides the Management of the IEA’s Ocean Energy
Systems (OES).
WavEC has developed over 30 EU funded R&D projects in the
last 10 years and has coordinated 6 of these and has provided
services to more than 30 international companies in the same period
in its areas of operation.
For further information, please visit www.wavec.org
About CEiiA
CEiiA is a Portuguese non-for-profit Product Development and
Engineering Center created to contribute to a new model of economic
and social development based on high added value products and
services developed in Portugal. CEiiA employs about 250 engineers
that develop and operate products and services for the urban
mobility, aeronautics, and ocean & space sectors.
CEiiA’s expertise is based on mechanical design and engineering,
aerodynamics, electronics, software development and systems
integration, as well as prototyping and testing. In the ocean
sector, CEiiA has been developing projects in the area of
underwater robotics, marine structures and control systems for
aquaculture as well as digital solutions for science and industrial
applications.
CEiiA supports the United Nations Global Compact being a founder
of the UN Sustainable Ocean Business Platform and an active member
in the implementation of the SDGs.
For further information, please visit www.ceiia.com
About USN
University of South-Eastern Norway (USN) is the fourth largest
university in Norway. The University is based at eight campus
located in South Eastern Norway. USN’s ambition is to contribute to
research-based developments in working life and society. The
Systems Engineering Industry Master program at Campus Kongsberg
offers expertise in development of complex systems and systems of
systems. The students work 50% at a company while they are enrolled
in the program. This allows the students to apply the Systems
Engineering methods in their professional environment. More than
170 students have graduated from the program since the start in
2006.
FINANCING
About EEA GRANTS
Through the European Economic Area (EEA) Agreement, Iceland,
Liechtenstein and Norway are partners, in the internal market, of
the Member States of the European Union.
As a way of promoting a continuous and balanced strengthening of
the economic and trade relations, the parties of the European
Economic Area Agreement have established a Multiannual Financial
Mechanism, known as the EEA Grants.
The EEA Grants aim to reduce social and economic disparities in
Europe and to strengthen bilateral relations between these three
countries and the beneficiary countries.
For the 2014-2021 period, a total contribution of €2.8 billion
has been committed to 15 beneficiary countries. Portugal will
benefit from a budget of €102.7 million.
For further information, please visit: eeagrants.gov.pt
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version on businesswire.com: https://www.businesswire.com/news/home/20210712005660/en/
For EDP
Ana Margarida Dias Energias de Portugal sa Media Tel: +351
935055073 Email: Ana Margarida Dias
Alex Coronati Project Manager Tel: +351 910423644 Email: Alex
Coronati
For TechnipFMC
Investor relations Matt Seinsheimer Vice President,
Investor Relations Tel: +1 281 260 3665 Email: Matt Seinsheimer
James Davis Senior Manager, Investor Relations Tel: +1 281 260
3665 Email: James Davis
Media relations Nicola Cameron Vice President, Corporate
Communications Tel: +44 1383 742297 Email: Nicola Cameron
Catie Tuley Director, Public Relations Tel: +1 281 591 5405
Email: Catie Tuley
For WavEC
Janete Gonçalves Communications Manager Tel: +351 938 758 336
Email: Janete Gonçalves