COST-EFFECTIVE OFFSHORE WIND ENERGY.
The National Renewable Energy Lab (NREL) estimates that floating offshore wind turbines (FOWTs) have the ability to dramatically expand the energy production of US offshore wind resources to nearly double the US total annual energy consumption. The key to actualizing this potential is to make FOWTs economically viable. ARPA-E, the US Department of Energy’s Advanced Research Projects Agency – Energy, aims to address current technical barriers and explore radically new FOWT design concepts to make economical offshore wind power a reality.