The U.S. Department of Energy (DOE) has announced a $10 million funding opportunity to support research aimed at driving innovation and reducing costs in high-voltage direct current (HVDC) transmission systems for offshore wind. HVDC transmission offers greater efficiency in transmitting electricity over long distances compared to traditional alternating current (AC) systems, making it a cost-effective solution for incorporating renewable energy into the grid. The funding opportunity aims to enable long-distance transmission for offshore wind projects and support the advancement of floating offshore wind. The DOE’s investment is part of its HVDC COst REduction (CORE) Initiative, which seeks to reduce the cost of HVDC systems by 35% by 2035 to promote widespread adoption of the technology. Applicants are encouraged to submit concept papers by November 14, 2023. The initiative aligns with the government’s commitment to addressing the climate crisis and accelerating the deployment of clean energy technologies.
DOE Invests $10M to Drive Innovation and Cut Costs of Offshore Wind Transmission, US
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