The US has a goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030 – and that can’t happen without floating offshore wind farms.
The Departments of Energy, the Interior, Commerce, and Transportation are today on their second day of a two-day Floating Offshore Wind Shot Summit. The summit’s goal, which is being attended by federal and state government leaders, and industry and labor leaders, is to cut the cost of floating offshore wind energy by over 70% by 2035.
Estimates are tricky because the technology is so new, but the US Department of Energy pegs the cost of floating offshore wind at about $200 per megawatt hour. That’s significantly more expensive than the agency’s estimates for land-based wind ($30), solar ($35) and even fixed offshore wind ($80).
The Summit aims to cut the cost to $45 per megawatt-hour. They want to achieve this with “breakthroughs across engineering, manufacturing, and other innovation areas.”
So basically, the Summit is an intense brainstorming session that its delegates then have to roll out in a viable and timely way in order to achieve the Floating Offshore Wind Shot‘s goals:
Develop cost-effective technologies for deeper waters
Bring power onshore to areas of high demand
Create jobs in operations, construction, manufacturing, and more
Ensure environmental sustainability and ocean co-use
Expand supply chains including tailoring port infrastructure to support development
Deploy large amounts of reliable, clean power
Help revitalize port and manufacturing communities.
Electrek’s Take
Offshore floating wind is now being rolled out all over the world. It’s also really new. In September 2022, a White House brief noted that “globally, only 0.1 GW of floating offshore wind has been deployed to date, compared with over 50 GW of fixed-bottom offshore wind.”
And when it comes to the US, which is the very beginning of its offshore wind deployment, around two-thirds of US offshore wind energy potential is in water that’s too deep for fixed-bottom wind turbines.
The US’s goal is to deploy 15 GW of floating offshore wind capacity by 2035, so it’s got its work cut out to reach this goal. But hey, it put a man on the moon in the 60s, and there’s already a fairly good general grasp of the technology, seeing how it’s already been successfully deployed in places like Norway, Scotland, and Portugal.
The Floating Offshore Wind Shot’s goals are on point, and this effort is going to be herculean and extremely challenging. I’m hopeful, because really cool clean energy innovation that is being used IRL literally lands in my inbox every day. Let’s hope innovation and momentum triumphs at the Summit this week.
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Leading electric vehicle analyst, author, and industry thought leaders Loren McDonald and Bill Ferro stop by Quick Charge to discuss EV Adoption’s acquisition by Paren, the “crisis” of EV charging reliability, and the real state of the EV market.
Depending on who you listen, EVs are either driving brands to record growth and are about cross that critical 10% of the overall market nationwide, or the future is bleak, the market is down, and EVs just aren’t selling. What’s really going on? Loren and Bill (probably) have some answers.
Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations site wide. Click here to learn more.
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Chevy EV owners in Texas who have Reliant as their electric utility can now charge for free at night with renewable energy.
Over 150 Chevrolet dealerships across Texas are now offering the Reliant Free Charge Nights plan to new EV buyers. With Free Charge Nights, customers can offset their charging costs by receiving credits for electricity used between 11 pm and 6 am. The plan is powered entirely by renewable energy, thanks to the purchase of renewable energy certificates (RECs).
Rasesh Patel, president of NRG Consumer, says the plan is about making power personal: “We’re excited to help Chevrolet EV drivers offset the cost of charging their vehicle all while having access to a renewable electricity plan.”
This collaboration aims to make EV adoption more appealing by making charging cheaper and greener. GM Energy’s chief revenue officer, Aseem Kapur, emphasized that partnerships like this help build the ecosystem needed to support an all-electric future: “The Reliant Free Charge Nights plan is a great example of how an automaker and an energy company can work together to make EV adoption an easy decision.”
Existing Reliant customers can also sign up for the Free Charge Nights plan. To get started, Chevrolet EV owners need to designate their vehicle on the GM Energy Smart Charging Portal before enrolling in the plan.
Reliant Energy, a subsidiary of NRG Energy, serves over 1.5 million customers in Texas, making it one of the largest electricity providers in the state.
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Texas is about to get a major power boost – a new AI-powered virtual power plant (VPP) delivering capacity equivalent to 200,000 homes during peak demand.
NRG Energy is teaming up with Renew Home to bring nearly 1 gigawatt (GW) of capacity to the Texas grid by 2035, aiming to make it more resilient while helping residents save on energy costs.
The new VPP will rely on hundreds of thousands of smart thermostats and other connected home devices, making use of AI technology provided by Google Cloud. These devices, like Vivint and Nest smart thermostats, will be offered to eligible customers at no cost. By automating HVAC adjustments, they help shift energy use to when electricity is cheaper, cleaner, and less strained.
NRG and Renew Home have big plans for the VPP. Starting in spring 2025, the companies plan to roll out the program across Texas, installing these smart thermostats in homes served by NRG’s retail electricity providers. Eventually, they plan to add home battery storage and EVs to expand the power plant’s capabilities.
Texas has faced record-breaking energy demands, with peak usage hitting 85 GW in 2023. As the state’s population grows and extreme weather becomes more frequent, VPPs like this one could play a key role in stabilizing the grid. VPPs aggregate a lot of small-scale energy resources, from smart thermostats to home batteries, and use them to help balance supply and demand during times of high stress on the grid.
This nearly 1 GW VPP will be one of the largest of its kind in Texas. NRG’s president of consumer operations, Rasesh Patel, calls it a “pivotal step” for improving customer experience while making Texas’ energy infrastructure more sustainable and resilient.
In addition to Renew Home, NRG is working with Google Cloud to maximize the power plant’s effectiveness. Google Cloud’s AI and analytics tools will help predict weather conditions, forecast renewable generation, and optimize energy usage, all of which will help make energy management smoother for both customers and the grid.
Ben Brown, CEO of Renew Home, said:
NRG’s commitment to creating a more resilient and sustainable energy future while also making electricity bills more affordable makes them an ideal partner for co-developing this unique VPP program.
This initiative raises the bar for future-proofing our electricity infrastructure and delivering cost savings to customers.
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