Technip Energies has announced its investment in Evok Innovation’s Fund II, a tier-one clean technology fund, that supports hard tech development to accelerate the path toward net zero.
This investment makes Technip Energies the first strategic partner with EPC capabilities within Evok’s investors ecosystem.
As a leading venture capital firm investing in early-stage technologies for hard-to-decarbonise sectors, Evok focuses on expediting the advancement of critical energy transition technologies. Bringing together a group of proven technologists, company builders and climate investors, the fund supports start-ups by providing them with the necessary resources, networks, and expertise to scale their operations and achieve maturity.
Evok's investment sectors encompass carbon capture, utilisation and storage (CCUS), clean fuels, electrification, and industrial decarbonisation, areas that closely align with Technip Energies' markets.
Beyond generating outsized returns for its shareholders, the investment connects Technip Energies with a network of emerging hard tech players and merges its engineering expertise and global project delivery know-how with the ecosystem’s visionary approach. It demonstrates Technip Energies’ commitment to creating an affordable, sustainable and reliable energy future.
Samir Karoum, Chief Strategy and Sustainability Officer of Technip Energies, commented: “We are delighted to join Evok’s Fund II. 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.”