Technip Energies and SBM Offshore form 50:50 joint venture - Upstream Online
Technip Energies and SBM Offshore form 50:50 joint venture | Upstream
Energy TransitionTechnip Energies and SBM Offshore form 50:50 joint ventureNewly launched Ekwil will target the floating offshore wind sectorEkwil chief executive Severine Baudic.Photo: SBM OffshoreAmanda BattersbyAsia Bureau ChiefSingapore
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.