Latest Liftoff Report Finds Promising Pathways for Offshore Wind Development; DOE Announces Latest Support for Offshore Wind R&D, Supply Chain Development, and Transmission PlanningThe U.S. Department of Energy today released its latest report in the Pathways to Commercial Liftoff series, describing how the U.S.
“Offshore wind is already powering over 100,000 American homes, and with the Offshore Wind Liftoff Report and new investments, the Biden-Harris Administration is helping deliver on the promise of this technology to rapidly scale over the coming years,” said. “The offshore wind sector is making rapid progress even in the face of macroeconomic challenges, poising the industry to create good jobs and supporting a clean, resilient energy system.
To help deliver on the potential of this industry, DOE today announced its intent to fund $48 million in research and development projects for offshore wind technology development, domestic manufacturing, and more—new DOE funding that is part of broader federal resources that the Biden-Harris Administration is deploying to grow the American offshore wind industry.
These projects will lay the foundation for consistent long-term deployment, decarbonization, and economic benefits across the country. Longer term, offshore wind can deliver over 100 GW of clean power by 2050.. Cost increases were driven by rapid inflation of equipment costs, rising interest rates, supply chain constraints, and schedule delays, but global cost headwinds have begun to stabilize and new offtake solicitations de-risk development going forward.
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