Technip Energies invests in cleantech fund
France’s Technip Energies on July 13 announced its investment in Evok Innovation's Fund II, which is a tier-one cleantech fund that focuses on investing in and supporting hard-tech development to accelerate the path toward net-zero emissions, with a particular focus on sectors such as low-carbon hydrogen, carbon capture and removal, electrification, and critical minerals.
This investment makes Technip Energies the first strategic partner with engineering procurement and construction capabilities within Canada-based Evok's investor ecosystem. Evok is a venture capital firm that invests in early-stage technologies for hard-to-decarbonise sectors and provides startups with the necessary resources, networks, and expertise to scale their operations.
“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,” Samir Karoum, chief strategy and sustainability officer of Technip Energies commented.
Technip Energies has a presence in sectors such as LNG, hydrogen, ethylene, blue and green hydrogen, sustainable chemistry, and CO2 management.