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    Offshore-Wind-Energy-Strategies-Report 56

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    Offshore-Wind-Energy-Strategies-Report 56

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    Offshore-Wind-Energy-Strategies-Report 56

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    Department of Energy | January 2022

    existing uses of the ocean and the needs of coastal communities. Innovation, cost
    reductions, and domestic supply capabilities are needed in high-voltage direct current
    technology to enable development farther from shore. There is a lack of sufficient
    onshore transmission capacity to transmit power from the strongest offshore wind
    resources to load centers. Offshore wind energy developers, RTOs or ISOs, and other
    stakeholders are already assessing the limited, existing onshore points of
    interconnection and seeking coordination from the Federal Government on
    transmission expansion. Creating incentives to plan and share transmission across
    multiple offshore wind projects, states, and transmission planning regions can
    encourage collaboration in infrastructure planning, cost allocation, and transmission
    system development that can benefit all states within and across regions. Renewable
    fuels can provide energy storage and clean fuel for applications that are difficult to
    electrify directly.

    With a range of participants acting and collaborating on policy, investment, technology


    advancement, analysis, and standards development, these strategic priorities can all be
    achieved. Doing so would help attract investments in the U.S. supply chain that would create
    new job opportunities; make offshore wind energy more cost competitive with other electricity
    generation sources in U.S. coastal energy markets; and reduce regulatory, construction, and
    economic uncertainty that currently impedes industry growth.

    Offshore Wind Energy Strategies | Page 48

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