08-06-2023

Technip Energies acquires SEED Energy, an energy transition digital services start-up

This acquisition reinforces Technip Energies’ digital portfolio and fits with its energy transition ambition. It is part of the company’s strategy to broaden its digital services offering to cover the entire project life cycle and position as a leading player in designing and delivering integrated digital solutions for the decarbonised energy sector.

Founded in 2017, SEED Energy has developed Odyssey, a comprehensive design environment that helps project definition and decision-making for clients seeking to develop or invest in renewable energy projects. This software allows digital simulations of various architectures and provides highly detailed and precise project analyses including technical, economic and environmental constraints.

Beyond generating useful and usable data that improve projects’ delivery, Odyssey helps clients by guiding them toward the most optimal options, notably optimising the performance of energy architecture and assets comprising renewable power, which is often intermittent by nature. As a result, it allows clients to accelerate their pre-project phases (feasibility, concept, pre-FEED and FEED) and reduce their CAPEX and OPEX. Harnessing that intermittency from the early conceptual phase to optimise industrial and utility-scale project developments is a key pillar of T.EN’s growing green hydrogen and Power-to-X portfolio¹.

Samir Karoum, Chief Strategy and Sustainability Officer of Technip Energies commented: “This acquisition reflects our strong belief that digital is a key component to accelerate renewable energies projects and we are delighted that SEED Energy is now part of our digital portfolio. SEED Energy will enrich our ability to provide added-value digital solutions to support our client’s journey towards a sustainable future and demonstrates our commitment to embracing innovative solutions.”

1 - As part of its growth in the energy transition sector, Technip Energies has also announced on May 4, with John Cockerill, the launch of Rely, a unique provider of integrated and competitive green hydrogen solutions.