TechnipFMC Offshore Wind Initiatives for 2025: Key Projects, Strategies and Partnerships

TechnipFMC: Engineering the Future of Floating Offshore Wind

From Niche Exploration to Integrated Systems: Charting the Adoption of Floating Wind

Between 2021 and 2024, TechnipFMC’s strategy in floating offshore wind was characterized by foundational exploration and technological development. The period was marked by partnerships aimed at establishing a foothold and testing new concepts. The 2021 alliance with Magnora to develop deepwater wind farms off Scotland and Norway, and the partnership with Bombora to create a hybrid floating wave and wind platform, demonstrated an early-stage, diversified approach. This phase focused on proving technological viability, as seen with the BEHYOND concept study for green hydrogen production from offshore wind and the Deep Purple™ pilot project. The introduction of the Dynamic Inter-Array Cable System in 2023 was a critical step in developing a key enabling technology, but the overall strategy remained one of building capabilities rather than large-scale commercial deployment.

Beginning in 2024 and accelerating into 2025, a significant inflection point occurred. TechnipFMC shifted from exploration to integration and commercialization. The collaboration with Prysmian, initiated in late 2024 and reinforced in 2025, is the cornerstone of this new phase. By combining its subsea engineering expertise with Prysmian’s advanced cabling, TechnipFMC is building a comprehensive integrated Engineering, Procurement, Construction, and Installation (iEPCI™) solution for the entire water column. This move signals a transition from component supplier to system architect. The August 2025 acquisition of a majority stake in Island Offshore Subsea AS, while focused on well intervention, provides riserless light well intervention capabilities that are directly transferable to offshore wind installation and maintenance, further strengthening this integrated model. This evolution indicates that floating offshore wind is moving past the conceptual stage for key industrial players, with the primary opportunity now lying in delivering reliable, scalable, and fully integrated commercial projects.

A Web of Alliances: Building an Ecosystem for Offshore Energy

TechnipFMC’s strategy is heavily reliant on a network of targeted partnerships. These collaborations are not confined to a single technology or region but are designed to strengthen both its emerging renewables business and its core subsea operations, which provide the financial and technical foundation for the energy transition. The alliances formed since 2021 reveal a clear pattern: initial partnerships to explore new energy frontiers, followed by more recent agreements to build integrated commercial offerings and reinforce enabling capabilities.

Table: TechnipFMC Strategic Partnerships and Contracts (2021-2025)

A Global Footprint with a European Center of Gravity

Between 2021 and 2024, TechnipFMC’s clean energy activities were heavily concentrated in Europe. The partnerships with Magnora (Norway and Scotland), EDP for the BEHYOND project, and the University of Strathclyde (UK) established the North Sea region as the company’s primary testbed for floating wind and associated green hydrogen technologies. This focus is logical, given the region’s mature offshore energy ecosystem, ambitious renewable energy targets, and deepwater environments suitable for floating platforms. The company’s contribution to Hywind Scotland further solidified its experience in this key market.

From 2025 onwards, while Europe remains the strategic hub for floating wind development, the geographic narrative broadens. The renewed Prysmian collaboration is explicitly global in scope, aimed at accelerating floating wind solutions worldwide. Simultaneously, TechnipFMC is executing major subsea projects globally, with significant contracts in Brazil (Petrobras), Malaysia (TotalEnergies ENEOS solar project), and the North Sea (Vår Energi, Equinor). This demonstrates a dual strategy: incubating and commercializing next-generation floating wind technologies in the leading European market while maintaining a robust global operational footprint through its traditional energy business. This global presence is a critical advantage, positioning the company to export its integrated floating wind model to emerging markets in Asia and the Americas as they mature.

From Concept to Commercial Integration: A Maturing Technology Stack

The 2021–2024 period was defined by technology demonstration and pilot projects. TechnipFMC focused on proving individual components and concepts. The Deep Purple™ pilot project, supported by Innovation Norway, was a prime example of a system in the pilot phase, designed to validate offshore green hydrogen production. The partnership with Bombora on the InSPIRE project aimed to create a 6-megawatt hybrid demonstrator, clearly placing it in the demonstration and pilot category. The development of the Dynamic Inter-Array Cable System represented a move toward a commercially ready product, but its widespread adoption was still prospective. This era was about de-risking individual technologies and exploring novel applications like wind-to-hydrogen.

The period from 2025 to today marks a decisive shift towards commercial scaling and system integration. The core technology is no longer just the turbine or the foundation, but the entire integrated system. The collaboration with Prysmian is the clearest signal of this maturation, moving beyond individual products to offer a ‘complete water column solution’ through an iEPCI™ model. This integrated approach is a commercial-scale offering, not a pilot. Furthermore, the acquisition of a controlling stake in Island Offshore brings a mature, commercially proven service (riserless light well intervention) into the fold, with the express intent of applying it to the offshore wind market. This signifies that the industry challenge has evolved from ‘if’ the technology works to ‘how’ it can be deployed, operated, and maintained efficiently at a commercial scale.

SWOT Analysis: TechnipFMC’s Floating Wind Trajectory

Table: SWOT Analysis of TechnipFMC in Floating Offshore Wind

Forward-Looking Insights: The Age of the Integrator

The data from 2025 signals that TechnipFMC is aggressively positioning itself as the premier integrator for the floating offshore wind industry. The most critical signal for market actors is the execution of the Prysmian partnership. The market should watch for the first joint iEPCI™ contract award for a major floating wind farm, as this will serve as the ultimate validation of their integrated strategy. The progress of the Bombora hybrid project also remains a key indicator of the company’s appetite for disruptive, next-generation renewables. What appears to be gaining traction is the strategy of acquiring and repurposing adjacent, mature technologies—like the well intervention services from Island Offshore—to serve the burgeoning wind market. This pragmatic approach of blending innovation with proven capabilities is likely to be TechnipFMC’s defining characteristic in the year ahead. Expect further moves that strengthen this integrated model, either through more partnerships or strategic acquisitions, as the company builds a comprehensive moat around its position as the system architect for the deepwater energy transition.

Frequently Asked Questions

What was the main shift in TechnipFMC’s floating offshore wind strategy starting in 2024?
Beginning in 2024, TechnipFMC shifted its strategy from foundational exploration and testing individual technologies to integration and commercialization. The focus moved from proving concepts, like the BEHYOND study, to building comprehensive, large-scale solutions, such as the integrated iEPCI™ model developed with Prysmian.

Why is the partnership with Prysmian Group considered a cornerstone of TechnipFMC’s new strategy?
The Prysmian partnership is crucial because it combines TechnipFMC’s subsea engineering and installation expertise with Prysmian’s advanced cabling technology. This collaboration enables them to offer a fully integrated iEPCI™ solution covering the entire ‘water column’ for floating wind farms, positioning TechnipFMC as a system architect rather than just a component supplier.

How does acquiring an oil and gas services company like Island Offshore Subsea AS fit into TechnipFMC’s renewable energy goals?
The acquisition of a majority stake in Island Offshore Subsea AS provides TechnipFMC with advanced riserless light well intervention capabilities. According to the analysis, these services are directly transferable to the installation and maintenance of offshore wind turbines, strengthening TechnipFMC’s ability to deliver a complete, integrated service package for the renewables market.

What is the iEPCI™ model, and why is it important for the floating wind market?
iEPCI™ stands for integrated Engineering, Procurement, Construction, and Installation. It is a business model where a single contractor manages a project from design to installation. This is important for the floating wind market because it streamlines complex projects, reduces risk for developers, and allows for the delivery of reliable, scalable, and fully integrated commercial wind farms.

Where has TechnipFMC focused its clean energy activities geographically?
Between 2021 and 2024, TechnipFMC’s clean energy activities were heavily concentrated in Europe, particularly the North Sea region, which served as a testbed for new technologies. From 2025, while Europe remains the strategic hub for development, the company’s ambition has become global, aiming to export its integrated model to other markets as they mature.

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