Current:Home > MyAttentive Energy investing $10.6M in supply chain, startups to help New Jersey offshore wind -WealthMindset
Attentive Energy investing $10.6M in supply chain, startups to help New Jersey offshore wind
View
Date:2025-04-26 12:13:58
MIDDLETOWN, N.J. (AP) — A company proposing an offshore wind farm in New Jersey is investing $10.6 million in projects to help grow the industry’s supply chain and support ocean-based technology startup businesses in the state.
Attentive Energy is one of four projects proposed in New Jersey’s most recent round of solicitations for offshore wind projects. It is a collaboration between Houston-based Total Energies, and Corio Generation, with offices in Boston and London.
During an event at Brookdale Community College, Damian Bednarz, the company’s president, said Attentive Energy will invest $6.6 million in SeaAhead. That is a company that supports ocean-related technology firms; it will establish a business incubator program in New Jersey.
Attentive Energy will invest another $4 million in technical support for small businesses at 11 regional small business development centers across the state.
A key goal of the company is to localize and diversify the supply chain for the offshore wind industry.
Continuing problems with the offshore wind supply chain was a major factor in Danish offshore wind developer Orsted’s decision to scrap its two offshore wind projects in New Jersey last month.
“In New York and New Jersey, you’ll always find someone who says, ‘This is great: I have a service for this, I have a business for this,’” Bednarz said.
Boston-based SeaAhead’s Blue Angels group has funded 29 startup businesses in the last three years, said Alissa Peterson, its co-founder and CEO.
“We need to create an environment where the best and the brightest choose to solve the hardest problems that we face as a globe,” she said. “And if we’re going to get them to do that, they need to know that the resources are going to be there for them to be successful.”
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.
Without Orsted, New Jersey has only one approved offshore wind project: Atlantic Shores.
That Atlantic City-based venture is a joint partnership between Shell New Energies US LLC and EDF-RE Offshore Development, LLC.
In a related development, the National Oceanic and Atmospheric Administration on Monday established a go-slow zone for ships off Atlantic City to protect the critically endangered North American right whale. The agency says there are less than 350 of the animals remaining.
Last Friday, an undersea research glider operated by Rutgers University and the Woods Hole Oceanographic Institution detected the presence of right whales off Atlantic City.
Monday’s action by the federal agency asks ships to avoid the area, or travel through it at 10 knots (11 mph or 17 kph) or less of vessel speed. The restriction will run through Dec. 2, and joins similar restrictions in four other areas in the Northeast.
___
Follow Wayne Parry on X, formerly known as Twitter, at www.twitter.com/WayneParryAC
veryGood! (236)
Related
- Sam Taylor
- Demure? Brain rot? Oxford announces shortlist for 2024 Word of the Year: Cast your vote
- Donna Kelce Includes Sweet Nod to Taylor Swift During Today Appearance With Craig Melvin
- Chris Martin and Gwyneth Paltrow's Son Moses Martin Reveals His Singing Talents at Concert
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Sofia Richie Reveals 5-Month-Old Daughter Eloise Has a Real Phone
- Statue of the late US Rep. John Lewis, a civil rights icon, is unveiled in his native Alabama
- 'Red One' review: Dwayne Johnson, Chris Evans embark on a joyless search for Santa
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Good Try (Freestyle)
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Joan says 'Yes!' to 'Golden Bachelorette' finale fantasy beach proposal. Who did she pick?
- Joan says 'Yes!' to 'Golden Bachelorette' finale fantasy beach proposal. Who did she pick?
- Olympic champion Lindsey Vonn is ending her retirement at age 40 to make a skiing comeback
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Japan to resume V-22 flights after inquiry finds pilot error caused accident
- 4 arrested in California car insurance scam: 'Clearly a human in a bear suit'
- Tropical Storm Sara threatens to bring flash floods and mudslides to Central America
Recommendation
Intellectuals vs. The Internet
Natural gas flares sparked 2 wildfires in North Dakota, state agency says
What Republicans are saying about Matt Gaetz’s nomination for attorney general
Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees’ spring training field in Tampa
North Carolina justices rule for restaurants in COVID
Today’s Savannah Guthrie, Al Roker and More React to Craig Melvin Replacing Hoda Kotb as Co-Anchor
Man is 'not dead anymore' after long battle with IRS, which mistakenly labeled him deceased
Jax Taylor Breaks Silence on Brittany Cartwright Dating His Friend Amid Their Divorce