The Clean Maritime Challenge
Apply for an opportunity to work with Technip Energies to accelerate the decarbonization of the maritime transportation industry and enable the total annual greenhouse gas emissions from deep-sea transportation to reach net zero by 2050. A typical pilot for emerging technologies starts at $50K in non-dilutive funding.
APPLICATIONS ARE NOW CLOSED
What is Technip Energies looking for?
Net-zero Maritime Shipping Solutions
Maritime shipping is the backbone of the global economy, with skyscraper-sized vessels carrying more than 80% of the world’s goods across the sea. Moving all those goods comes at a high environmental cost, releasing an estimated gigaton of CO2-equivalent gases into the atmosphere each year.
To accelerate the decarbonization of the maritime transportation industry, Technip Energies is looking to collaborate with innovators from around the world to pilot low-carbon or zero-carbon fuels and emissions measurement and management solutions for large-scale cargo ships, cruise ships, etc.
These solutions must enable the total annual greenhouse gas (GHG) emissions from deep-sea transportation to reach net zero by 2050, as laid out in the 2023 International Maritime Organization (IMO) GHG Strategy, while also improving efficiency and reducing operating expenses. For additional details on Technip Energies’ energy transition and ESG roadmap, please go to ESG Roadmap | Technip Energies.
What You Could Win
___ Accelerated path to commercialization
Collaborate with Technip Energies’ team of engineering and technology experts to enhance product readiness and access pilot project opportunities within its extensive global network.
___ Funded pilot project
Pilots with Technip Energies start at $50k in non-dilutive funding to improve technology readiness, reduce scale-up risk and accelerate time to market via proven methodologies adapted to each technology.
___ Direct investment
Technip Energies may issue a convertible note worth up to $50k, which converts to equity upon a qualified financing.
Eligibility Criteria
At a minimum, applicants must meet the following requirements:
- Have at least two full-time employees, including one business lead and one technology lead
- Have a technology with a minimum TRL 3-4, critical function or proof of concept; operating prototype preferred
- Demonstrate technology’s potential to significantly decrease the GHG emissions of maritime transportation in line with IMO strategy when deployed at scale
- Demonstrate technology’s applicability across all geographies
- Demonstrate ability to calculate return on investment
Technip Energies is not seeking project developers selling third-party products, consulting firms, marketing or PR agencies, or acquired startups.
Meet the Judges
Samir Karoum
Samir Karoum is a global and international leader with over 20 years of experience in the energy, mobility, and digital industries. In his current role, Samir is in charge of Technip Energies’ corporate strategy, as well as investments, partnerships, and strategic marketing. He also focuses on the acceleration of Technip Energies’ digital transformation. As Chairman of the Innovation Challenge judges, Samir is excited to learn how Technip Energies can drive solutions to decarbonize the maritime industry, support the commercialization of clean technologies, and collaborate with startups to achieve Technip Energies’ vision and commitment to its Net Zero goal.
Wei Cai
Wei Cai leads Technip Energies’ Technology and Innovation organization to drive technology execution and support business growth. Dr. Cai holds a Ph.D. in material chemistry from the University of Wisconsin-Madison, has filed over 40 patents, and has authored numerous journal articles. For the Innovation Challenge, Wei is excited to see breakthrough ideas that are also practical. She looks for startups that have ideas that clearly address customer pain points, approaches to solve said problems, a business plan following validation of their technical approach, and a competitive approach that makes them better than the competition.
Christophe Virondaud
Christophe Virondaud oversees business development and client relationship management activities. Prior to his current role, Christophe served for 20 years in several business development and operational leadership positions at Technip Energies, including Vice President of Business Development for Major Projects and Middle East and Managing Director of the Abu Dhabi and Doha offices. For Christophe and Technip Energies, reaching new frontiers and forging new concepts is key. Christophe has great expectations for the Innovation Challenge to bring new products that help Technip Energies’ clients manage their projects more efficiently and support them with services in operations and maintenance.
Loïc Chapuis
Loïc Chapuis is highly focused on liquefied natural gas (LNG) and reduced carbon solutions, such as blue hydrogen, as cutting emissions and reducing time to market are today’s key success factors. Loïc joined Technip Energies in 2006 to serve strategic and business development positions for major projects both in France and Asia and was involved in several operational roles, from Project Controls to Project Director. Loïc is excited to collaborate with startups with new clean fuel technologies that are not yet mature, as Technip Energies can support their commercialization and help bring these technologies to market.
Bhaskar Patel
Bhaskar Patel oversees efforts to transition from traditional hydrocarbon-based technologies to sustainable solutions for the downstream sector, ensuring focus and consistency in Technip Energies’ energy transition strategy. Bhaskar has more than 35 years of experience in the oil and gas industry, holding leadership positions in both operations and business development. Bhaskar has a Bachelor of Science degree in chemical engineering from London South Bank University. He looks forward to supporting innovative startups to drive continuous improvement in both traditional and new markets, as well as to working closely with technology development.
Christophe Malaurie
Christophe Malaurie manages the full carbon value chain, consolidating methods and activities for traditional markets to decarbonize. In addition to this main objective, the Decarbonization Solutions business line also addresses new decarbonization markets. Christophe holds a Master’s degree in mechanical engineering. Through the Innovation Challenge, his goal is to support Technip Energies’ customers in their decarbonization journeys and collaborate with startups to propose new offerings and business models together.
Charles Cessot
Charles Cessot drives services and products for all of Technip Energies’ markets via the T.EN X business line. Charles previously held the role of Senior Vice President of Strategy, overlooking strategy, investments, digital, and innovation, as well as Corporate Development Vice President and M&A Manager. He holds a Master’s degree in finance from ISC Paris and an Executive MBA from INSEAD. His goal for the Innovation Challenge is to uncover a differentiated offering that can be developed and utilized transversally throughout Technip Energies’ consulting, projects, products, and technologies.
François Haynes
François Haynes focuses on accelerating the energy transition while improving operational performance. He has over 28 years of experience supporting the energy industry with digital solutions, having begun his career working for major EPC companies contributing to the digital execution of projects using 3D systems, intelligent 2D-systems, and digital twins. François is looking for startups that target innovation to address market needs or propose improvement for Technip Energies’ operations. He hopes to see solutions that focus on internal improvement that will make Technip Energies’ business more sustainable, reduce costs, compress project schedules, and/or make operations safer.
Sandra Melki
Sandra Melki brings a wealth of experience and knowledge in the fields of marketing and sustainability, as well as business transformation and digital solutions. Prior to joining Technip Energies, she was the Energy Transition & Sustainability Lead at Microsoft. Sandra is thrilled to meet startups that can bring new technologies, products, and services to Technip Energies in its journey to Net Zero. Sandra looks forward to defining new offers in the domain of maritime transportation decarbonization for Technip Energies’ clients through collaboration with innovative startups.
Timeline
August 15, 2023
August 15, 2023
Application window opens
August 31, 2023, 8:30 a.m. PT
September 18, 2023, 11:59 pm ET
September 18, 2023, 11:59 pm ET
Application deadline
October 27, 2023
October 27, 2023
Finalists notified
November 14, 2023
November 14, 2023
Virtual pitch event / Winners announced
January – June 2024
January – June 2024
Collaborate directly with Technip Energies to co-create pilot scope of work
July 2024
July 2024
Commence pilot(s)
The Fine Print
- Any funds that go toward a pilot will be non-dilutive. (i.e., neither Technip Energies nor Elemental is asking for equity in exchange for the pilot funding).
- This challenge is being hosted by Elemental Excelerator in collaboration with Technip Energies and is unrelated to Elemental’s Cohort 13 application process.
Questions
Please contact TechnipEnergiesChallenge23@elementalexcelerator.com.
If you missed our live Q&A session, you can access the recording here.
About Technip Energies
Technip Energies is a leading technology & engineering company positioned for the energy transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry, biofuels, and CO2 management and decarbonization. Technip Energies brings its clients’ game-changing projects to life and is committed to enhancing their performance. Technip Energies’ expertise includes a full range of design and project development services, from early engagement to delivery. Technip Energies is proud of its 60-year history executing some of the world’s largest and most complex engineering and construction (E&C) projects.
By combining its E&C capabilities with its comprehensive portfolio of technologies and expertise in technology development, Technip Energies can offer unique solutions to support the world’s energy transition. Technip Energies also offers a range of design, construction, and industrial solutions that it expects will become more prominent as the world transitions to a less carbon-reliant economy.
Together with its clients, Technip Energies is taking on the world’s biggest and most innovative energy challenges to build a better tomorrow. Technip Energies has 15,000 talented employees worldwide across 35 operating countries, 450 projects under execution and 60+ years of experience. For further information, visit technipenergies.com.
There's more!
We are currently accepting applications for this challenge and one more! Click the link below to learn more about our other challenge with Amazon.