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Faltering US Offshore Wind Industry Sends Next-Generation Startup Overseas.

Authors :
Ma, Michelle
Source :
Bloomberg.com; 11/26/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Aikido Technologies Inc., a US-based startup, has developed a floating platform for offshore wind turbines that cuts construction time in half compared to conventional platforms. Despite being backed by the federal government, the company is looking to overseas markets due to challenging economics and political hostility towards offshore wind in the US. Countries like Scotland are seen as more promising for offshore wind development, with Aikido eyeing expansion into France, Japan, Taiwan, and South Korea. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
181107794