02 Mar '12, 12pm

DOE Launches 6-Year, $180mm Offshore Wind Development Initiative

The US has been slow to try and capitalize on the huge potential of offshore wind energy to reliably supply clean, renewable electricity to population centers along the US’ extensive coasts. That’s beginning to change, however, as the Obama administration ramps up its efforts to stimulate economic growth and environmental sustainability by fostering development of domestic renewable energy resources. Energy Secretary Steven Chu yesterday announced the launch of an ambitious offshore wind energy research and development initiative that, over the next six years, will see some $180 million invested in accelerating “the deployment of breakthrough wind power technologies that will help diversify our nation’s energy portfolio, promote economic development and launch a new industry here in America,” according to a Dept. of Energy (DOE) press release. “Developing all of our nation...

Full article: http://cleantechnica.com/2012/03/02/doe-launches-6-year-1...

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