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STRATEGY






                            ticipated since its creation in the Frenchcompany   ses. Saipem employed the key personnel sharing
                            Sabella Srl, one the pioneers of the development of   the knowledge of the technology and acquired the
                            tidal stream devices (now we have a participation   St. Félicien plant. After acquisition, Saipem kicked-
                            in the company of a bit less than 15%) . Founded   off a phase of engineering optimization applying its
                            in 2008 by a consortium of small and medium in-  know-how to target further reduction of Capex and
                            dustrial enterprises, it designs electricity production   Opex in commercial scale plants”.
                            units from marine currents. In the same year 2008
                            Sabella installed the first tidal turbine in France.   Most recently, we see also a thorough appro-
                            With the D10 turbine project of 1 MW power the   ach to identify new promising and innovative
                            company was awarded several recognition prizes;   start-ups, via   cooperation with Aster Fab,
                            D10 is currently the only turbine to have injected   the innovation consulting arm of the Global
                            its produced energy into the French national power   Venture Capital Investor Aster; with  Mind the
                            grid (Ushant) to date. Sabella currently has several   Bridge, a global innovation consultancy spe-
                            ongoing initiatives in areas that include Southeast   cialized in the development of a global en-
                            Asia (Philippines and Indonesia in particular), North   trepreneurial ecosystem that brings together
                            America (Canadian Bay of Fundy) and more. Sai-  startups and corporate companies; and ano-
                            pem is acting as the technology integrator to ensu-  ther agreement with the Politecnico di Milano
                            re that it embraces a significant number of opportu-  to  join the  Startup  Intelligence  Observatory.
                            nities together with Sabella and to deliver them with   Could you tell us something about each one
                            the highest safety and quality standards”.  of these initiatives?
                                                                      “Today, even the most technological and complex
                            Whereas in the onshore business, your recent   companies cannot afford not to leverage on ideas
                            agreement with the Canadian firm CO  Solu-  outside their organizations. When one company
                                                             2
                            tions Inc. (CSI) follows the same pattern. Can   decides to work on open innovation it has two main
                            you illustrate in more detail?            tasks: finding great startups and implementing their
                            “As anticipated before, CO  Solutions technology   products  inside  its  own  businesses.  I  would  not
                                                  2
                            acquisition represents a brick more in our wide and   want to judge which task is more difficult, but when
                            solid know-how in the field of carbon capture.  In   internal resources are limited it may be smarter to
                            this frame, Saipem has acquired the post-combu-  allocate them to the implementation part, which re-
                            stion CO  Capture technology, originally develo-  quires deep insider’s knowledge, down to the level
                                   2
                            ped by the Canadian Company CO  Solutions and   of company unspoken culture. Meanwhile, the in-
                                                        2
                            using an enzyme-accelerated aqueous solution of   novation ecosystem includes a number of compa-
                            potassium carbonate as solvent for the CO . The   nies offering scouting services, and they know very
                                                               2
                            technology is more environmentally friendly than   well how to efficiently and effectively find startups
                            state-of-the-art technologies using amine-based   of specific interest.
                            solvents and regeneration at low temperature;     It is worth to mention that agreements with na-
                            using  hot  water  rather  than  steam  as  a  thermal   med partners were not signed suddenly. With each
                            carrier is another relevant advantage. The techno-  of them we have worked together for 1-2 years,
                            logy has been demonstrated in a small commer-  adapting to each other’s needs and ways of thin-
                            cial plant capturing 30 ton per day of CO  from flue   king. Currently, for us these three are the best,
                                                            2
                            gas of a pulp paper mill in St. Félicien (Canada).   although  bringing  quite different value.  AsterFab
                            Captured CO  is then used in near-by greenhou-  helps us to see startups through the lens of venture
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       Hexafloat AFLOWT project


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