Biden-Harris Administration celebrates progress in domestic floating offshore wind

The U.S. departments of Energy (DOE), Interior, Commerce, and Transportation today released a report summarizing their progress toward the goals of the Floating Offshore Wind Shot™, an interagency initiative to drive U.S. leadership in design, deployment, and manufacturing. The report shows that, since the initiative's launch in September 2022, the Biden-Harris administration has dedicated over $950 million in planning, leasing actions, research, development, demonstration, deployment and more in an effort to realize the full potential of this renewable power source.

"The Biden-Harris administration is committed to unlocking the vast potential of floating offshore wind," said Jeff Marootian, Principal Deputy Assistant Secretary for Energy Efficiency and Renewable Energy. "It's exciting to see this rapid progress advancing so many initiatives that support job growth, a stronger domestic supply chain, and more equitable, accessible, affordable clean energy across America."

About two-thirds of the country's offshore wind potential is in waters that are deep enough to make floating offshore wind turbines more practical and cost-effective than fixed-bottom turbines. Expanded floating offshore wind deployment would bring the benefits of clean power to millions of Americans, create thousands of jobs, and stimulate domestic manufacturing. The interagency Floating Offshore Wind Shot positions the United States as a leader in floating offshore wind and reduce the cost of floating offshore wind energy by more than 70% by 2035.

The Floating Offshore Wind Shot is part of DOE's Energy Earthshots Initiative™, which drives major innovation breakthroughs in eight clean energy technology sectors critical to decarbonizing the American energy system and solving the climate crisis.