New facility expected to generate $861 million in investment and create 330 jobs
For Immediate Release: July 9, 2024
Media Contact: Luke Jeanfreau | [email protected] | 504-302-8079
BALTIMORE — Oceantic Network, the leading organization working to advance offshore wind and other ocean renewable industries and their supply chains, applauds today’s announcement from member company LS Greenlink of a new cable facility in Chesapeake, Va., representing the state’s first offshore wind manufacturing facility. Virginia Governor Glenn Youngkin made the announcement to hail this monumental step forward for the state’s clean energy industry, with the facility expected to cost $681 million to construct and generate 330 permanent full-time jobs. The facility will produce next generation high-voltage direct current (HVDC) cables currently in high-demand globally.
Today’s announcement follows another milestone for cable production last week when Network member company Hellenic Cables reached a final investment decision to purchase land for its new cable facility in Baltimore announced in April.
The following statement can be attributed to Liz Burdock, founder and CEO of Oceantic Network:
“Another day, another offshore wind announcement. Hundreds of millions of dollars and hundreds of long-term jobs are being made possible by the strength of the U.S. offshore wind industry’s momentum and potential. This year we’ve already seen $2.2 billion in new manufacturing supply chain investments announced to produce steel, foundations, towers and cables that will supply the U.S. industry for years and create good-paying jobs in places like Hampton, Houston, and the Ohio River valley.
“With the continued strong support from public officials, like Governor Youngkin, and industry leaders like Dominion Energy and LS Greenlink, we are seeing the Hampton Roads area transform into a hub of the U.S. offshore wind industry.”
Additional Information:
For more information or to arrange an interview with the Network, contact Luke Jeanfreau at 504-302-8079.
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As a non-profit organization, the Oceantic Network’s driving purpose is to inform, coordinate, and mobilize human ingenuity, enterprise, and labor to take advantage of the urgent need to tap the vast offshore wind and renewable energy resources that lie in the world’s oceans. The collective, coordinated efforts of our 600+ members equip communities and nations to accelerate the transition to clean energy and create economic opportunities.
