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Oceantic Network

Oceantic Network is the premier member-based organization dedicated to growing the offshore wind and other ocean renewable industries and their supply chains.

2023 (Q1) U.S. Offshore Wind Quarterly Market Report

Reports

The Oceantic Network releases its U.S. Offshore Wind Quarterly Market Report in April, July, October, and January. Each quarterly report builds off our  U.S. Offshore Wind Annual Market Report and provides key analysis of both federal and state government activities impacting the U.S. offshore wind industry. Quarterly Reports ensure companies are informed on offshore wind industry developments affecting their business.  

The first three months of 2023 (Q1) are covered by the Q1 2023 U.S. Offshore Wind Market Report.

The Supply Chain Road Map for Offshore Wind Energy in the United States is a collaborative study co-authored by the Oceantic Network  and the National Renewable Energy Laboratory and in collaboration with the National Offshore Wind Research and Development Consortium, the U.S. Department of Energy, DNV, the Maryland Energy Administration, and New York State Energy Research and Development Authority.  

The report identifies pathways to developing a domestic offshore wind supply chain that can manufacture and deploy the major components needed to set the United States on a pathway to installing 30 GW of offshore wind by 2030 and 110 GW by 2050. The report estimates the investment amount the U.S. supply chain could require this decade to meet an annual demand for components, ports, and vessels in 2030. These key investments would allow the industry to install billions worth of offshore wind by reducing risk of delays due to global supply chain bottlenecks and creating a robust network of assets that will continue to be effective well beyond 2030. The report takes into account the manufacturing facilities capabilities and needs, job creation potential across multiple industries, from port and vessel development to turbine installation and maintenance, and more. Importantly, the report also provides proposed actions policymakers, industry, and supply chain companies can implement to build out a sustainable domestic supply chain. 

Download the Supply Chain Road Map for Offshore Wind Energy in the United States. The group previously published its initial findings in 2022 in The Demand for a Domestic Supply Chain in March 2022.  

The Oceantic Network’s Proposal for Coordinated Transmission Development for Offshore Wind in Multi-State RTOs outlines a framework for greater regional collaboration on offshore wind transmission planning and buildout. The policy brief, authored by John Dalton, President of Power Advisory LLC and head of the Network’s Grid & Transmission Working Group, was released ahead of the expected published results of New Jersey’s offshore wind transmission solicitation to connect 7.5 GW of generation to the grid. The brief builds upon the evident success of the state’s transmission solicitation, which spurred dozens of private sector bids, and offers a framework for multi-state transmission solicitations within the same regional transmission organization (RTO).

The policy brief outlines five key principles to developing a multi-state transmission solicitation, from accessing potential environmental and economic benefits to developing cost allocation proposals. Key insights, especially learning from New Jersey’s State Agreement Approach, include the need for proactive engagement of an RTO, the need for a robust analysis of potential costs and benefits, and a well-defined policy objectives to guide any solicitation.

This is the third publication of the Network’s Grid & Transmission Working Group, which previously laid out the need for coordinated transmission planning and argued federal government action would be instrumental in driving long-term and large-scale grid planning in its first two reports.

Download the Coordinated Transmission Development for Offshore Wind in Multi-State RTOs

The Oceantic Network releases its U.S. Offshore Wind Quarterly Market Report in April, July, October, and January. Each quarterly report builds off our  U.S. Offshore Wind Annual Market Report and provides key analysis of both federal and state government activities impacting the U.S. offshore wind industry. Quarterly Reports ensure companies are informed on offshore wind industry developments affecting their business.  

The penultimate three months of 2022 (Q3) are covered by the Q3 2022 U.S. Offshore Wind Market Report.

Offshore wind is quickly becoming a national industry in the United States. The U.S. Bureau of Ocean Energy Management is advancing Wind Energy Areas in every major U.S. body of water – the Atlantic and Pacific Oceans, and the Gulf of Mexico. Broader market policy alignment between state and federal governments on offshore wind is driving the creation of a national offshore wind supply chain.

Suppliers for offshore wind projects are now located in more than 30 states. These range from Washington State-based companies working on Vineyard Wind (a Massachusetts project), to Texas-based manufacturing of the first U.S.-made offshore wind substation, which will be a part of the South Fork Wind project, planned for installation 35 miles east of Montauk, New York. Nexans has expanded its South Carolina cable manufacturing facility to produce high-voltage subsea cables.

Ports in the Northeast are now breaking ground on facilities that, within the next few years, will be routinely handling offshore wind turbine components destined for installation in U.S. waters. There are also multiple vessels being constructed in Gulf of Mexico states, with steel supplied by companies located in Alabama, West Virginia, and other states. More details and information is available in the full report.

Access and view the 2022 Market Report. 

The Oceantic Network’s Advancing Policy Measures to Drive Domestic Supply Chain report analyzes current policies and barriers to developing the offshore wind industry and details federal and state policies needed to further the industry and supply chain in the U.S. In response to state and federal goals for offshore wind energy and rising global demand, the report outlines why the U.S. must develop a coordinated action plan that pairs enhancing market visibility through the permitting process with a national industrialization strategy that targets financial support for manufacturing, transmission, and port upgrades to accelerate supply chain development.

The report was produced for the Labor Energy Partnership (LEP) Offshore Wind Workforce. The LEP, a collaboration between the AFL-CIO and Energy Future Initiative, published the Network’s report alongside three additional reports that explore opportunities for building a domestic offshore wind supply chain.

Download the Policy Measures Needed to Advance the U.S. Offshore Wind Supply Chain Report

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