Technip Energies Invests in Evok Innovation's Fund II to Accelerate Net Zero Path
Key Ideas
- Technip Energies becomes the first strategic partner with EPC capabilities in Evok's Fund II, focusing on cleantech development for net zero goals.
- Evok's Fund II supports startups in critical energy-transition technologies like low carbon hydrogen, carbon capture, and electrification.
- The investment aligns with Technip Energies' markets in carbon capture, clean fuels, electrification, and industrial decarbonization.
- By joining Evok's Fund II, Technip Energies aims to shape a sustainable future by leveraging its expertise in hydrogen, clean fuels, and carbon capture.
Technip Energies has announced its investment in Evok Innovation's Fund II, a cleantech fund that accelerates the path towards net zero by focusing on sectors like low carbon hydrogen, carbon capture, and electrification. This investment establishes Technip Energies as the first strategic partner with Engineering Procurement and Construction capabilities within Evok's investors ecosystem. Evok, a venture capital firm specializing in hard-to-decarbonize sectors, aims to expedite the advancement of energy-transition technologies through support for startups. The investment sectors of Evok closely align with Technip Energies' markets, emphasizing carbon capture, clean fuels, electrification, and industrial decarbonization. This move not only aims to generate returns but also connects Technip Energies with a network of hard-tech players, merging engineering expertise with visionary approaches for a sustainable energy future. Technip Energies' Chief Strategy and Sustainability Officer expressed enthusiasm for the partnership, highlighting the potential for innovation in hydrogen, clean fuels, and carbon capture. Evok's founding partner also welcomed Technip Energies as a strategic partner, acknowledging the company's commitment to a Net Zero goal and its expertise in engineering and industrial scale-up. Technip Energies, a leading company in the energy transition sector, operates globally with a workforce dedicated to accelerating innovative projects for a better energy future. Evok Innovations, founded in 2016, focuses on decarbonization technologies and recently launched Fund II to continue advancing the energy transition, particularly in sectors like carbon capture, electrification, and hydrogen.
Topics
Investing
Innovation
Sustainability
Investment
Energy Transition
Engineering
Decarbonization
Venture Capital
Cleantech
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