Tag: energy strategy in the us

The U.S. offshore wind industry has lagged Northern Europe’s: US Department of Energy

Electricity prices tend to be lower in the United States than in Europe, so it is more difficult for new technologies to be cost competitive in the U.S. market. Prior to states enacting mandates for offshore wind energy procurement, the United States lacked the supportive policies that drove the first decade-plus of European offshore wind energy deployment. Despite the challenges, progress is being made to increase the speed and scale of U.S. offshore wind development.

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US Energy Act of 2020: Redefines future energy strategy

The industry response to the Energy Act of 2020 has been quite positive. The Act is a major step towards ensuring decarbonisation of the US economy by fostering innovation across the spectrum of technologies that are critical for the country’s energy and national security as well as long-term economic competitiveness.

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