Technip FMC Floating Wind Strategy, Prysmian Partnership, $10 B Subsea Orders, and 2 Key Alliances (2025)

Technip FMC’s Floating Wind Pivot, 1 Major Partnership and the Deep Purple™ System (2025)

In 2025, Technip FMC executed a strategic pivot to establish itself as a primary technology and systems architect for the floating offshore wind market, leveraging its established subsea expertise to create integrated solutions rather than directly investing in wind farm assets. This approach focuses on de-risking complex projects for developers and capturing a high-value share of the services and technology market. The company’s activities in 2025 signal a clear move to replicate its successful integrated Engineering, Procurement, Construction, and Installation (i EPCI®) model from the oil and gas sector into the renewables space.

Technip FMC’s Strategic Shift to an Integrator Role

The company is positioning itself as an indispensable partner for navigating the complexities of deepwater renewable energy projects. By focusing on system integration, Technip FMC avoids the capital-intensive and lower-margin business of wind farm development and operation, a strategy also seen with competitors like SLB. This move leverages its core competencies in subsea engineering, project management, and floating platform technology, which are directly transferable to the floating wind and green hydrogen sectors.

• Prior to 2025, Technip FMC‘s new energy ventures were foundational, focused on developing concepts like the Deep Purple™ hydrogen system and initial studies. The primary business remained its robust subsea oil and gas division.
• In 2025, the strategy became concrete through a major collaboration with Prysmian Group to develop and commercialize a fully integrated “full water-column solution” for floating offshore wind, combining subsea infrastructure with high-voltage cable systems.
• This shift is funded by the traditional subsea business, which is projected to secure over $10 billion in orders in 2025, including major contracts with Shell and Equinor, ensuring a stable financial base for its energy transition initiatives.

Pioneering Integrated Energy Systems

Beyond its focus on floating wind structures, Technip FMC is advancing its Deep Purple™ technology, an integrated system for producing green hydrogen offshore. This solution combines offshore wind power with electrolysis and subsea hydrogen storage, addressing the intermittency of renewables. This positions the company at the forefront of the emerging offshore hydrogen economy, a market that other energy majors like Chevron are also exploring through strategic partnerships.

• The Deep Purple™ concept moves from a theoretical framework to a commercially viable solution, targeting a significant cost reduction in offshore hydrogen production, which is estimated to fall from $7/kg in 2025 to as low as $1/kg by 2050.
• The company is participating in studies for large-scale offshore hydrogen platforms of 500 MW and beyond, indicating a move toward scalable, industrial applications of its integrated energy system.
• In April 2025, a collaboration with Bombora on the In SPIRE Project successfully completed tank testing for a hybrid platform combining wave and wind energy, demonstrating an innovative approach to maximizing energy output from a single offshore footprint.

1 Key Alliance, Technip FMC’s Prysmian Deal for Integrated Floating Wind Solutions

Technip FMC’s strategy of becoming a system architect for new energy is most clearly demonstrated through its strategic partnerships announced in 2025, which are designed to create standardized, de-risked products for nascent markets like floating wind. These collaborations combine Technip FMC‘s subsea integration capabilities with the specialized technologies of its partners, aiming to reduce project complexity and shorten delivery timelines for developers.

Table: Technip FMC Strategic Partnerships and Contracts (2025)

Brazil vs. Europe, Technip FMC’s Geographic Focus for Subsea and New Energy

Technip FMC‘s geographical activity in 2025 reflects its dual strategy, with its traditional subsea business concentrated in established oil and gas regions while its new energy initiatives target emerging global hubs for floating wind and hydrogen. This approach allows the company to leverage robust cash flows from mature markets to fund innovation and market entry in high-growth renewable energy sectors. The global offshore wind market is expanding rapidly, with over 66 GW of capacity expected to be tendered globally during 2025.

• Between 2021 and 2024, Technip FMC‘s primary geographic focus remained on major oil and gas basins like the Gulf of Mexico, Brazil, Norway, and West Africa, where it has long-standing client relationships and a dominant market presence in subsea systems.
• In 2025, Brazil remains a critical market for the company’s Subsea division, highlighted by the major contract award from Shell for the Gato do Mato project. This region serves as a primary source of revenue and cash flow.
• Simultaneously, the company’s new energy partnerships, particularly with the Italian firm Prysmian, are geared towards the European floating wind market, which is a global leader in technology development and project deployment.
• The company’s focus on talent development in Namibia and an exploration alliance in India also show a strategy to build local content and partnerships in future growth markets for both traditional and new energy projects.

Technology Maturity, Technip FMC’s i EPCI® Model Applied to Floating Wind

Technip FMC is applying its commercially proven i EPCI® business model to the less mature floating offshore wind market, aiming to accelerate industrialization and reduce project risk. The company’s 2025 initiatives are focused on adapting its mature subsea technologies and project execution frameworks to the specific challenges of renewable energy systems. This strategy of transferring established expertise differentiates it from pure-play renewable developers.

• From 2021 to 2024, Technip FMC‘s technology focus was on refining its Subsea 2.0® platform, which simplifies subsea architecture and reduces costs for oil and gas projects. Its new energy technologies like Deep Purple™ were in the R&D and conceptual phases.
• In 2025, the company marked the delivery of its 100 th Subsea 2.0® tree, validating the maturity and commercial success of its core technology platform.
• The major shift in 2025 is the direct application of this integration-focused philosophy to floating wind through the Prysmian alliance. This moves floating wind solutions from bespoke, project-specific engineering towards a more standardized, product-based approach.
• While the integrated floating wind solution is still in the commercialization phase, the successful tank testing of the hybrid wave-wind platform with Bombora provides early-stage validation of Technip FMC‘s ability to integrate novel renewable technologies.

Technip FMC SWOT, Legacy Strengths vs. New Energy Risks (2025)

Technip FMC‘s strategic position in 2025 is defined by the strength of its legacy subsea business, which provides the financial and technical foundation for its calculated entry into new energy markets. This SWOT analysis reveals a company leveraging its core competencies to seize opportunities in the energy transition while managing the inherent risks of entering nascent, competitive sectors.

Table: SWOT Analysis for Technip FMC’s Energy Transition Strategy

Technip FMC Scenario Modelling, 1 Key Partnership and Commercialization Risk

The success of Technip FMC‘s energy transition strategy hinges on its ability to convert its 2025 partnerships and integrated technology concepts into commercial contracts for major floating wind and green hydrogen projects. The company’s “system architect” approach is a calculated move to capture a high-margin niche, but its success depends on market acceptance and execution.

• If this happens: The Technip FMC-Prysmian integrated solution is selected for a significant floating offshore wind project in 2026.
• Watch this: Announcements of further standardization in their offering and new partnerships that extend the integrated model to include other components like turbines or grid connections. Also, watch for competitors attempting to replicate this integrated supply chain model.
• This could be happening: Developers are validating that an integrated, de-risked solution for the complex water column infrastructure significantly reduces project risk and cost, accelerating final investment decisions and establishing Technip FMC‘s model as an industry standard. Conversely, a lack of contract wins would signal that developers prefer to manage procurement internally, challenging the core premise of the company’s strategy.

The questions your competitors are already asking

This report covers one angle of TechnipFMC’s renewable energy strategy. The questions that matter most depend on your work.

• Subsea7 floating wind partnerships and contracts
• Prysmian cable technology for floating wind projects
• Commercial floating wind projects reaching investment decision
• Commercial viability of offshore green hydrogen production

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