Experts say Biden’s announcement to invest nearly $50 million in offshore wind power can move the nation to the forefront of cutting-edge technology.
The Biden administration is making a big bet that 60-story wind turbines floating 20 miles or more off the nation’s coasts will produce a significant amount of cheap energy while creating new and lucrative industries.
The initiative, announced last week, invests nearly $50 million to advance floating offshore wind turbine technology, an area where the United States has been lagging. It could propel the country to the forefront of cutting-edge climate technology.
