TechnipFMC dives into seabed mineral extraction to support energy transition

Through GEMINIi® ROV’s machine vision technology, pilots maintain precise position and perform operations in minutes using dual-force compliant manipulators. (Courtesy: TechnipFMC)

TechnipFMC dives into seabed mineral extraction to support energy transition

A specialist in offshore oil and gas exploration, TechnipFMC is diving into seabed mineral extraction to support the energy transition.

The company has taken a minority stake investment in global maritime industry group Loke Marine Minerals. The partnership aims to meet the increasing demand for metals used in electric vehicle batteries and other clean energy technologies through an autonomous subsea production system, which the companies said would limit the environmental impact.


Read more: Europe’s offshore wind to green hydrogen plan won’t work for the US, report finds


Together, TechnipFMC and Loke are targeting potential offshore licensing on the Norwegian Continental Shelf (NSC).

“We are pleased to partner with Loke in the development of this important resource,” said Jonathan Landes, president of subsea at TechnipFMC. “Our culture of collaboration, integration, and innovation, along with our expertise in subsea robotics and extensive history on the NCS can help meet the rising demand for new technologies and resources that are driving the energy transition.”

The NSC is known to have copper, zinc, cobalt, and other rare earth elements. Norway is expected to make a final decision on licensing approval for exploration and production in 2023.

Subscribe to Renewable Energy World’s free, weekly newsletter for more stories like this

Previous articleDaroga Power closes $230M fund, will deploy 32.85 MW Bloom Energy fuel cells
Next articleReNew Power acquires 359 MWs of hydro, solar projects in India
John Engel is the Content Director for Renewable Energy World. For the past decade, John has worked as a journalist across various mediums -- print, digital, radio, and television -- covering sports, news, and politics. He lives in Asheville, North Carolina with his wife, Malia. Have a story idea or a pitch for Renewable Energy World? Email John at john.engel@clarionevents.com.

No posts to display