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The U.S. Department of Energy (DOE) and the White House have made offshore wind a centerpiece of plans to strengthen the nation’s energy infrastructure, announcing a goal to deploy 30 gigawatts of offshore wind by 2030 — a huge leap from the 42 megawatts (MW) currently in operation. Not only could this provide enough electricity to power 10 million American homes and cut carbon dioxide emissions by 78 million metric tons, it could also support as many as 77,000 new jobs.

The success of this initiative will rely, in large part, on partnerships to accelerate research and development (R&D) and establish new offshore systems in such an ambitious time frame. DOE’s National Renewable Energy Laboratory (NREL) is certain to be at the center of many of these efforts, contributing expertise in research related to offshore wind as well as building coalitions.

NREL has a long, successful track record of collaboration with partners in industry, agencies at all levels of government, and the research community. Offshore wind project partnerships have given NREL the insight needed to develop innovations that solve real-world problems and become the recognized standards for industry. For example, 80% of all prototypes for offshore wind floating platforms have been designed with the help of NREL open-source analysis tools — which NREL created through collaboration with laboratory partners.

With recent announcements of a national goal to deploy 30 gigawatts of offshore wind energy by 2030 and the go-ahead to install the first commercial-scale U.S. offshore wind project, NREL and its partners are poised to help meet this ambitious target. Semisubmersible offshore wind platforms accounted for 89% of substructures in floating wind projects either installed or announced in 2019. Other projects may use spar or tension-leg platform substructures. Graphics by Josh Bauer, NREL

NREL’s partners have helped the laboratory build a broad, in-depth understanding of the unique challenges of offshore environments. Offshore wind’s remote locations, deep waters, and extreme weather and ocean conditions present additional design, installation, and operation hurdles in the form of efficiency, cost, and durability.

Offshore wind collaborations bring together the research expertise of NREL staff with the know-how of industry partners, the policymaking perspective of government agencies, and additional support from other laboratories and universities. Researchers work with partners to characterize wind resourcesoptimize plants and turbinesanalyze techno-economic and market factors, and assess potential environmental impacts.

In particular, partners rely on NREL’s pioneering research to boost the performance and market viability of floating platform technologies needed to capture energy in the deepwater locations that account for nearly 60% of U.S. offshore wind resources. The laboratory’s researchers have most recently turned their attention to the integration of offshore wind energy with land-based utility systems to increase grid reliability, resilience, and efficiency.

Transmission of offshore wind energy relies on equipment such as undersea cables to carry power back to the mainland.

In Fiscal Year (FY) 2021, more than $10 million in funding for NREL offshore wind research projects came from partnerships with industry. The NREL team is working with more than 45 commercial, government, and research organizations on offshore, land-based, and distributed wind research projects in 2021.

This reflects the overall success of the laboratory in cultivating partnerships. Over the last 12 years, NREL has brought in $1 billion in partnership contracts, with more than 900 active partnership agreements and close to 600 unique partners in FY 2020.

With the nation’s first commercial-scale offshore wind development recently cleared for installation by the U.S. Department of the Interior off the coast of Massachusetts, the NREL offshore wind team hopes to engage with new partners to grow its collaborative base and make even more meaningful contributions to this burgeoning industry in the coming years.

Giving Industry the Tools To Compete

Industry partners know they can bank on the intellectual capital of experienced NREL researchers to develop and refine breakthrough offshore wind technologies and provide the balanced, market-savvy guidance needed for successful deployment. In addition, NREL offers industry partners hands-on research collaboration, technical assistance, deployment guidance, research facility use, and technology licensing.

“Collaboration with industry is key to making sure our R&D addresses real-world issues and priorities, while helping transfer scientific knowledge from the lab to the marketplace,” said NREL Principal Engineer Jeroen van Dam. “We’re giving offshore developers the tools to establish market parity — and giving the United States resources to join the field of international players.”

Through collaborations with the primary offshore wind regulators — the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement — and in coordination with the Business Network for Offshore Wind and the American Clean Power Association trade organizations, NREL is helping lead the development of industry standards that will define the requirements for utility-scale deployment of offshore wind in the United States. The team also works with individual companies — from startups to established corporations — including system operators, developers, original equipment manufacturers, energy suppliers, and investors. Scores of U.S. companies are currently involved in building, running, or supporting supply chains related to offshore systems.

The laboratory provides a credible source for objective expertise and validated data, bolstering rather than competing with industry efforts. NREL research focuses on early-stage technologies, where industry investments tend to be lean, while also targeting R&D priorities with potential for future commercialization. This has included collaboration on tools needed for industry to eventually develop larger, more powerful turbines and optimize system performance, efficiency, reliability, and affordability.

NREL takes broader economic factors into consideration when assessing the potential impact of offshore wind research and development. Offshore wind could trigger more than $12 billion per year in U.S. capital investment in offshore wind projects and spur significant activity and growth for ports, factories, and construction.

NREL also takes bigger economic factors into consideration when assessing the potential impact of offshore wind research and development. Eventually, it is estimated that offshore wind could trigger more than $12 billion per year in U.S. capital investment and spur significant activity and growth for ports, factories, and construction operations.

NREL analysts help developers and other industry partners gain crucial, unbiased understanding of the balance among potential offshore wind costs, revenues, and risks within the broader context of technical, legal, regulatory, tax, and policy issues. NREL market reports provide the data needed to support decision-making, including information critical to building the skilled workforce necessary for industry growth.

Building Coalitions To Spur Innovation

NREL has provided ongoing leadership to forge collaborative partnerships that bring together top minds from a range of sectors to form a virtual think tank of offshore wind research experts. In this convening role, NREL acts as a catalyst for exchanging information, tackling large research projects, and providing industry and policy decision makers with the body of scientific knowledge needed to champion new approaches.

NREL’s Walt Musial and Brent Rice join partners to tour the world’s first floating offshore wind farm off the coast of Peterhead, Scotland. Photo by Brent Rice, NREL

A major component of the newly announced U.S. offshore wind initiative announced by the White House calls on the National Offshore Wind R&D Consortium (NOWRDC) to refine the technology needed for deployment at a scale previously unprecedented in this country. The NOWRDC, which is managed by the New York State Energy Research and Development Authority (NYSERDA) with contributions from four other states plus DOE, benefits from the technical direction of NREL Offshore Wind Platform Lead Walt Musial, as well as the laboratory’s regular representation on the NOWRDC R&D Advisory Group and leadership of several projects.

“The developers and states really set the pace,” Musial said. “They’re ultimately the ones who will be responsible for rolling out and operating new offshore systems. Our job is to arm them with the information they need to maximize clean energy production in ways that will work best to help them achieve the lowest cost for their project.”

The laboratory’s involvement in coalition efforts reaches across the country and around the globe. Many International Energy Agency Wind Technology Collaboration Programme (IEA Wind) research tasks, which engage academia and industry across three continents, are led by NREL research staff. This includes development of a 15-MW reference turbine in partnership with IEA Wind and DOE’s Wind Energy Technologies Office to help design larger, more powerful, next-generation turbines.

NREL’s global and national partnerships are helping design larger, more powerful, next-generation offshore wind technologies, such as the IEA Wind 15-MW reference turbine.

NREL has a long, successful history of partnerships with international and U.S. universities and research institutions, including other national laboratories. The laboratory’s university affiliations encompass professors collaborating on NREL projects, NREL researchers advising graduate students, and projects supported by university funding. Consortia comprising multiple institutions and larger collaborations that involve several different agencies, universities, labs, and private-sector partners bring a range of perspectives to offshore wind solutions.

Collaborative efforts helmed by other U.S. government agencies, including DOE’s Advanced Research Projects Agency-Energy (ARPA-E) office and the National Oceanic and Atmospheric Administration (NOAA), also rely on NREL research expertise. For example, ARPA-E has funded the Aerodynamic Turbines Lighter and Afloat with Nautical Technologies and Integrated Servo-control (ATLANTIS) program to develop new floating offshore wind turbines by tightly integrating control systems and design. NREL leads three ATLANTIS projects, working with one other national laboratory, four universities, and four industry partners.

Tapping One-of-a-Kind Offshore Wind Expertise

So, why do all of these organizations choose to partner with NREL on offshore wind research projects?

Certain collaborative undertakings rely on NREL’s high-performance Eagle supercomputer and world-class Flatirons Campus research facilities to put innovative offshore wind technologies and strategies through their paces. NREL software tools make it possible for researchers and partners to build models and simulate performance based on the laboratory’s formidable collections of data.

But NREL also offers one-of-a-kind expertise from its staff of 150 wind energy scientists, engineers, and analysts, many of whom contribute their multidisciplinary knowledge to offshore projects. With numerous cumulative decades of research experience, the team is able to tap a deep base of knowledge specific to offshore wind, as well as wider-reaching input from experts in related disciplines such as land-based wind power, other areas of clean energy generation, transmission, and integration. This cross-cutting approach has recently led scientists to uncover new efficiencies for converting wind energy to hydrogen that can be readily stored and used for a range of applications.

In surveys, multiple partners have given NREL high marks for its collaborative approach, distinct technical capabilities, and strong understanding of current needs and priorities.

“If we want the nation’s ambitious vision for offshore wind to become reality, we all need to pull together,” Musial said.

“These partnerships with industry, universities, other labs, and government agencies are crucial to developing the right technology, installing it at the right locations, and connecting it to the grid so that we can maximize offshore’s contribution to the country’s affordable clean energy mix.”

Article courtesy of the NREL, the U.S. Department of Energy.


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Crypto super PAC Fairshake has $116 million on hand to grow industry’s influence in 2026 election

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Crypto super PAC Fairshake has 6 million on hand to grow industry's influence in 2026 election

Trump's crypto executive order paves the way for a digital asset stockpile

Fairshake, the super PAC bankrolled by crypto’s biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle.

The fundraising total, which includes $11 million in new contributions, cements Fairshake as one of the most influential political forces in the country.

“With the midterms on the horizon, we are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation,” Fairshake said in a statement.

Major backers like Coinbase, a16z, Jump Crypto, Uniswap Labs, and Ripple Labs have doubled down on their commitment to electing pro-crypto candidates and opposing those seen as hostile to the industry. Robert Leshner of Superstate has also donated, according to the PAC.

Crypto, once dismissed as a speculative frenzy, now holds real power in President Donald Trump’s Washington. Industry-backed officials are securing spots in the president’s cabinet and across federal agencies. Lawmakers aligned with digital assets are launching probes into regulators accused of stifling innovation.

Read more CNBC tech news

With Trump’s return to the White House and a Republican-controlled Congress, the industry is moving beyond just playing defense. Crypto-friendly policymakers are setting the agenda — working to reverse SEC enforcement actions, roll back anti-crypto banking restrictions, and push through market structure legislation for digital assets.

Coinbase, the largest U.S. crypto exchange, was sued by the Securities and Exchange Commission over claims that it engaged in unregistered sales of securities. It’s among Fairshake’s top contributors, giving more than $75 million to Fairshake and its affiliated PACs in 2024 and committing another $25 million to the 2026 midterms.

Fairshake’s largest donors also include Silicon Valley venture fund Andreessen Horowitz, which had previously pledged another $23 million to the PAC in the midterms. The fund has contributed $70 million across multiple cycles. Ripple Labs, still battling the SEC in court, is another major political donor this cycle that has given around $50 million to Fairshake. A spokesperson said the company committed $25 million both this year and last year and intends to remain a strong force in D.C. for years to come.

The impact of this money extends beyond elections. With billions in market cap and tens of millions in lobbying power, the crypto industry has positioned itself alongside Wall Street, Big Tech, and the defense sector as one of the most formidable forces in Washington. The strategy is clear: Secure allies, neutralize threats, and lock in legislative wins that will define the industry’s future.

Coinbase's top lawyer breaks down SAB121 rollback and the firm's talks with the Trump Administration

The 2024 election

For crypto executives, investors, and evangelists, the 2024 election wasn’t just about influence — it was existential. After four years of fighting to establish legitimacy while fending off regulatory crackdowns, the industry saw it as a chance to flip the script.

Crypto-related PACs and affiliated groups pulled in over $245 million for the 2024 election cycle, according to Federal Election Commission data. Nearly half of all corporate dollars that flowed into the election came from the crypto industry, per nonprofit watchdog Public Citizen.

Stand With Crypto Alliance — the advocacy group launched by Coinbase last year — developed a grading system for House and Senate races, helping direct funds to the most pivotal battlegrounds.

They succeeded. According to Stand With Crypto, nearly 300 pro-crypto lawmakers comprise the House and Senate this session, giving the industry unprecedented sway over the legislative agenda.

The playbook for the push was simple: Raise massive sums from a handful of donors, flood battleground states with ads, and either boost pro-crypto candidates or bury their opponents. The campaign framed races in stark terms. Candidates were either with the industry or against it.

Crypto companies and executives moved fast, leveraging a sophisticated nationwide ad machine to deploy their cash with precision. They also took lessons from Big Tech’s missteps. Instead of spending hundreds of millions on lobbying after the election, the crypto industry invested heavily beforehand, ensuring that its biggest threats never made it to office in the first place.

Goldman Sachs to continue to scale tokenization efforts, says Mathew McDermott

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Toyota is still the world’s top automaker, but with EV sales at just 1%, how long will it last?

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Toyota is still the world's top automaker, but with EV sales at just 1%, how long will it last?

Toyota maintained its title as the world’s top-selling automaker, with nearly 11 million vehicles sold in 2024. However, EV sales accounted for about 1% of Toyota’s global volume as it continued to lag the industry. With rivals like BYD and Hyundai closing in, how long can Toyota keep its spot at the top?

Toyota EV sales continued lagging in 2024 at only 1%

Toyota held onto the title for the fifth straight year after selling over 10.8 million vehicles in 2024. That includes its Daihatsu (compact cars), Hino (heavy-duty trucks and buses), and luxury Lexus brands.

Although it was enough to stay ahead of Volkswagen, which sold just over 9 million vehicles last year (-2.3% from 2023), Toyota’s global sales slipped for the first time in two years. The Japanese auto giant’s sales fell 3.7% from the roughly 11.2 million vehicles sold in 2023.

Toyota and Lexus brand sales were down 1.4% from 2023, at about 10.1 million units, also the first year-over-year decline in two years.

The lower total was mostly due to a 20% drop in domestic sales. Incorrect vehicle certifications caused Toyota to halt production of the popular Prius, Yaris Cross, and Corolla Fielder models.

Toyota-EV-sales-2024
2024 Toyota bZ4X Limited AWD (Source: Toyota)

Overseas sales helped offset the fallout with higher demand in North America and India. In other key markets, like China (-6.9%), Indonesia (-9.5%), and Thailand (-17.1%), Toyota said “the shift to new energy vehicles” and an “intensifying price competition” caused the lower sales total.

Despite hybrids reaching a record 40% share in 2024, Toyota’s EV sales lagged the industry. Last year, Toyota, including Lexus, sold just 139,892 pure EV models, accounting for just 1.4% of sales.

Toyota-EV-sales-2024
2025 Lexus RZ 450e (Source: Lexus)

Volkswagen sold nearly 745,000 electric vehicles last year, or around 8% of sales, which is still on the lower end. And that’s down 3.4% from the 771,100 VW delivered in 2023.

While the two global auto leaders continue to lag in the shift to electric vehicles, others, such as BYD and Hyundai, are emerging as true global threats.

BYD-EV-sales-Toyota
BYD Atto 3 (left) and Dolphin (right) EVs in Japan (Source: BYD)

BYD outsold Nissan and Honda for the first time last year, with over 4.25 million passenger vehicles sold, up 41% from around 3 million in 2023. The Chinese EV leader surpassed Volkswagen in 2023 to become China’s largest car maker, and now it’s moving up the global ranks.

Hyundai Motor Group, the third top-selling automaker globally, sold over 7.2 million vehicles last year. Although sales were down 1% from 2023, Hyundai is closing the gap with Toyota and Volkswagen. The Hyundai and Kia brands both sold over 200,000 electric cars globally last year for an around.

Hyundai-Kia-electric-vehicles
Hyundai IONIQ 9 (Source: Hyundai)

Hyundai and Kia are launching several new EVs in key segments that are expected to see significant demand, including the three-row IONIQ 9 and low-cost Kia EV3 and Hyundai Inster SUVs.

Electrek’s Take

With new threats emerging, how long will Toyota hold onto the global sales lead? BYD is aggressively expanding overseas this year, with electric cars rolling out across nearly every segment, including entry-level pickup trucks, smart SUVs, luxury models, and electric supercars.

BYD sold more EVs in Japan than Toyota last year, its home market, and 2024 was BYD’s first full sales year in the country.

Hyundai is also preparing for a big year in 2025 with the updated 2025 IONIQ 5, IONIQ 9, and Inster EV arriving. Kia expects sales growth this year with the low-cost EV3 rolling out globally. Later this year, it will unveil the EV4, its highly anticipated entry-level electric sedan.

Meanwhile, Toyota continues delaying new EV launches and other major projects. Its long-awaited ultra-efficient EVs, expected next year, will not arrive until at least mid-2027.

With the industry moving toward all-electric vehicles, how long can Toyota delay the inevitable? As EV technology advances, hybrids will only be in style for much longer.

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UK backtracks on plans to double the power of electric bikes

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UK backtracks on plans to double the power of electric bikes

If it sounded too good to be true, that’s because it was. A proposal made last year to double the allowable power limit of electric bicycles in the UK was canceled after pushback on the plan.

Current laws in the UK are similar to those throughout most of Europe, limiting electric bicycles to 250 watts (1/3 hp) and 25 km/h (15.5 mph) of top speed.

A proposal put forth by the Conservatives would have seen that power limit doubled to 500W in the UK, and potentially also allowed for the use of a hand throttle, according to Bike Radar.

After the Department for Transport began a public consultation to assess public opinion, it became clear that while the general public had mixed feelings, most bicycling organizations were largely in favor of keeping the existing regulations unchanged.

“While the difference between the overall number of respondents being in favour and those not in favour was relatively small, this was not the case with main stakeholder organisations, with the vast majority opposing the proposals,” the Department for Transport explained. 

While European electric bicycle laws are relatively strict, limiting electric bicycle motors to less power than a healthy adult can generate with their own legs, North American e-bike laws are generally less restrictive.

In Canada, electric bicycles can support up to 500W of power and feature hand throttles that allow the e-bikes to be powered even without pedaling. In the US, the vast majority of states have adopted the three-class system, which allows all electric bicycles to support motors of up to 750W of power, or three times the European limit. Hand throttles are also allowed on some electric bikes, but the specifics can vary from state to state. The subject of speed, as well as hand throttles on e-bikes, has become a contentious subject in the US with increased regulatory activity.

In much of Europe, bicycles and e-bikes are seen as more integrated members of the larger public transportation system. In North America, cities are much more car-centric and often even hostile to cyclists.

While not all European cyclists enjoy the utopia of Amsterdam’s bicycle-friendly streets, most European cities are more likely to feature better-developed cycling infrastructure that lets cyclists safely travel at slower speeds. Conversely, many American riders feel that higher speeds and motor power levels are essential for their safety when sharing the roads with cars, as higher performance allows riders to better pace existing vehicle traffic.

Regulations don’t just dictate how powerful an e-bike can be, but rather they can also shape how e-bikes are used in daily life. In Europe, where most e-bikes are capped at 250W and 25 km/h (15 mph), more emphasis is placed on pedal-assisted cycling, encouraging active riding while offering a boost for longer trips.

Many cities in Europe have extensive bike lane networks that accommodate e-bikes alongside traditional bicycles, reinforcing the idea that e-bikes are simply a modernized version of cycling rather than a separate vehicle class.

In North America, where 750W e-bikes are common and Class 3 e-bikes can reach 28 mph (45 km/h), the riding experience can sometimes be closer to that of a moped. While many riders enjoy this broader freedom, it has caused friction in many cities who seek to rein in higher performance electric bikes.

At the same time, higher power limits and throttle-assist features can make e-bikes more attractive for recreational riders, commuters, and even delivery workers, especially in cities where bike lanes are scarce. This has contributed to a wider diversity of e-bike styles in North America, from fat-tire adventure bikes to powerful cargo e-bikes capable of carrying heavier loads.

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