The Quest for Greener Offshore Energy

    Gazelle Wind Power, a promising green technology startup based in Dublin, is making significant strides in the clean energy sector. Established in 2020, the company is made up of experienced professionals who know a lot about the industry and renewable energy. They are dedicated to advancing Europe’s shift toward green energy and have secured an impressive €18.6 million in funding. 

    The growing enthusiasm for offshore wind

    Many people are getting excited about a specific type of wind energy called “floating offshore wind.” Many important people and experts worldwide are excited about this because they see how important it could be.

    Experts predict that by 2050, the global capacity for floating offshore wind could reach a whopping 300GW. The International Energy Agency (IEA) goes even further, suggesting that, theoretically, this technology could generate enough electricity to meet global demand 11 times over by 2040. 

    Challenges on the horizon

    However, the problem is the cost. Currently, floating offshore wind is more expensive compared to other types of wind and solar power. The National Renewable Energy Laboratory (NREL) estimates that it costs about $133 to produce one megawatt-hour (MWh) of electricity using this technology. In contrast, traditional offshore wind costs $78/MWh, and onshore wind and solar power are even cheaper, at $34/MWh.

    While onshore wind and solar power are cheaper, they’re not always practical in every location. Geography, opposition from locals who don’t like the looks of wind and solar farms, and problems with their reliability can make these options less attractive in certain areas.

    A hopeful outlook

    Despite these challenges, there’s reason to be optimistic. Experts believe that as more floating wind platforms are produced and new ideas are developed, costs will come down. We’ve seen this happen before with solar power, it used to be incredibly expensive, but innovation and mass production made it much more affordable.

    Floating offshore wind is on a similar path. In the months to come, we will explore how Gazelle Wind Power is contributing to cost reductions. They’re working on making the infrastructure at ports more affordable, using fewer materials for the platforms, and striving to make floating offshore wind competitive with traditional offshore wind.

    Gazelle Wind Power and the larger floating offshore wind industry are close to transforming how we get clean energy. While there are challenges to overcome, such as cost, the possibility of a sustainable, low-carbon future is within reach. As innovation continues to drive progress, the dream of affordable, clean energy generated far out at sea is becoming a reality.

    David Zingmark
    I'm a passionate individual dedicated to shining a spotlight on incredible companies. My goal is is to uncover stories by telling the most complex operations into simplified words, empowering you as a reader to gain better insights and make informed investment and/or business choices.

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