Industry News

Blog

Floating wind turbines in the ocean.

United Kingdom Energy Company Taps Niche in Offshore Wind

British renewable energy supplier Octopus Energy is eyeing a new and relatively untapped slice of the U.S. offshore energy wind market, with the company set to invest in a California-based startup focused on floating wind turbines.

Octopus will be investing between $10 million and $30 million in Ocergy, a producer of offshore energy wind-turbine foundations, as it aims to scale up renewable- power generation in the U.S.

Octopus sees strong future demand for wind energy, noting it remains one of the cheapest sources of electricity worldwide. Data from the International Renewable Energy Agency shows that prices for offshore wind have fallen by 59% between 2010 and 2022, while in places like the U.K. it now makes up a significant portion of the country’s energy.

Read the full article here

you may also like

Solar power new advancements for energy.

Bright Horizons: 5 Recent Advances in Solar Power Technologies

In the pursuit of sustainable energy sources, solar power stands out, harnessing the abundant and clean energy…

Natural gas earnings are down in the first quarter of 2024.

Earnings for Big Oil Backpedal as Natural Gas Prices Tumble

U.S. and European oil companies reported natural gas was weaker first-quarter results due to a significant price…

HBCU Colleges are ranked by U.S. News & World Report

Best Historically Black (HBCU) College Rankings by U.S. News & World Report

The latest rankings of historically Black colleges and universities (HBCUs) were conducted by U.S. News & World…

Transmission power lines

White House Unveils Plan to Accelerate Power Grid Expansion

The Department of Energy created a one-stop shop for federal permitting, helping transmission developers avoid the lengthy…