$10.6M Investment Sparks Offshore Wind Revolution in New Jersey

In the dynamic realm of renewable energy, Attentive Energy is emerging as a catalyst for change, propelling New Jersey to the forefront of the offshore wind industry. The company has proposed an offshore wind farm and intends to invest $10.6 million into projects that will help to grow the industry’s supply chain and support ocean-based technology startup businesses in the state.

Attentive Energy’s recent $10.6 million investment signals a bold commitment to advancing offshore wind technologies. This substantial infusion of capital is earmarked for cutting-edge R&D initiatives that promise to redefine the efficiency and sustainability of wind energy production.

A key goal of the company is to localize and diversify the supply chain for the offshore wind industry.

Attentive Energy is proposing a wind farm 42 miles (65 kilometers) off Seaside Heights that would provide enough energy to power 600,000 homes. It would be among the farthest from shore of the wind farm projects proposed to date on the U.S. East Coast. The distance from the coast would eliminate one of the main objections voiced by opponents of offshore wind, that they don’t want to see the wind turbines from the beach.

The company aims to leverage state-of-the-art technologies to optimize energy capture, storage, and transmission, ultimately boosting the overall effectiveness of wind power as a renewable energy source.

The investment is not limited to technological advancements alone; Attentive Energy is also spearheading initiatives to enhance the overall ecosystem for offshore wind energy. Collaborations with local communities, educational institutions, and environmental organizations underscore the company’s commitment to fostering a sustainable and inclusive energy transition.

As New Jersey looks to secure its position as a renewable energy leader, Attentive Energy’s strategic investments promise not only to reshape the state’s energy landscape but also to contribute significantly to the global push for a cleaner, greener future. 

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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