Technip Energies invests in cleantech fund to boost path toward net zero

July 13, 2023, by Aida Čučuk

Engineering and technology company Technip Energies has invested in Evok Innovation’s Fund II, a cleantech fund that invests in and supports hard-tech development and focuses on next-generation sectors such as low-carbon hydrogen, carbon capture and removal, electrification and critical minerals.

According to Technip, Evok specifically focuses on expediting the advancement of critical energy-transition technologies and supports startups by providing them with the necessary resources, networks and expertise to scale their operations and achieve maturity.

Evok’s investment sectors encompass carbon capture, use and storage, clean fuels, electrification and industrial decarbonization, areas that Technip Energies’ said align with its markets.

Marty Reed, Founding Partner of Evok Innovations, expressed delight to have Technip Energies as a strategic limited partner and noted that Technip can help accelerate the commercialization of its startup technologies.

Samir Karoum, Chief Strategy and Sustainability Officer of Technip Energies, commented: “By bringing our engineering, technology and project competencies in fields such as hydrogen, clean fuels and carbon capture, we set the stage for a new wave of innovations that will certainly shape a sustainable future.”

These last few months have been busy for Technip Energies. The company introduced Canopy by T.EN, an integrated suite of flexible and modular post-combustion carbon capture solutions, and signed an agreement with Congo’s Ministry of Hydrocarbons on cooperation in the fields of offshore and onshore energy developments. Furthermore, together with the company John Cockerill, it established Rely, a provider of integrated and competitive green hydrogen solutions.

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