04/24/2024 | Press release | Distributed by Public on 04/24/2024 08:40
Latest Liftoff Report Finds Promising Pathways for Offshore Wind Development; DOE Announces Latest Support for Offshore Wind R&D, Supply Chain Development, and Transmission Planning
WASHINGTON, D.C. - The U.S. Department of Energy (DOE) today released its latest report in the Pathways to Commercial Liftoff series, describing how the U.S. offshore wind sector is adapting to challenges and poised for continued progress to create tens of thousands of new, good-paying jobs and expand access to clean energy for millions of Americans, with a path to deploying over 100 gigawatts (GW) by 2050. The Pathways to Commercial Liftoff: Offshore Wind report finds that the sector today is poised for liftoff, enabled by continued efforts to adapt to recent market challenges. The projects that move forward in the next several years will lay the foundation for consistent long-term deployment, decarbonization, and economic benefits across the country in support of President Biden's ambitious goals of achieving a 100% clean power sector by 2035 and a net-zero emissions economy by 2050.
"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 U.S. Deputy Secretary of Energy David Turk. "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. DOE is also announcing its latest steps to support offshore wind transmission, including support for standardization needs and guidance development and a new analysis for the Gulf of Mexico.
The Pathways to Commercial Liftoff: Offshore Wind Deployment report analyzes market challenges and solutions already underway, finding that the sector is adapting to recent cost pressures and will see lower risk and costs as deployment scales over time. Key takeaways and insights include:
In support of accelerated offshore wind development, today DOE also announced:
$48 Million for Research Projects to Address Major Areas of Need for Offshore Wind
Domestic Wind Turbine Blade Manufacturing Innovation RFI
Atlantic Offshore Wind Transmission Standardization and Guidance
Gulf of Mexico Offshore Wind Transmission Analysis
DOE develops its Pathways to Commercial Liftoff reports with extensive stakeholder engagement and system modeling. Additional reports will be added in the coming months and continues to encourage public input and stakeholder engagement through industry forums and via email to [email protected]. Learn more about the findings of the "Pathways to Commercial Liftoff: Offshore Wind" report and register for a webinar on Friday, May 10, 2024 at 3:00 pm EDT.
Learn more about how DOE's WETO, GDO, and the Loan Programs Office are supporting the advancement of domestic offshore wind energy, and subscribe to the Catch the Wind newsletter for the latest information on funding opportunities, events, and other news regarding offshore wind.
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