{"id":5375,"date":"2022-10-23T13:13:00","date_gmt":"2022-10-23T12:13:00","guid":{"rendered":"https:\/\/catapult.org.uk\/?post_type=case_study&p=5375"},"modified":"2023-08-21T13:06:07","modified_gmt":"2023-08-21T12:06:07","slug":"collaboration-enables-record-low-offshore-wind-energy-prices-and-economic-stimulus","status":"publish","type":"case_study","link":"https:\/\/catapult.org.uk\/our-work\/case-studies\/collaboration-enables-record-low-offshore-wind-energy-prices-and-economic-stimulus\/","title":{"rendered":"Collaboration enables record-low offshore wind energy prices and economic stimulus"},"content":{"rendered":"\n
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Collaboration enables record-low offshore wind energy prices and economic stimulus<\/h1>\n\n\n\n
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Offshore Renewable Energy Catapult \u2013 collaborating to bring the most powerful offshore wind turbine in the world to market, enabling accelerated deployment of offshore wind to meet the UK\u2019s net zero ambition, record low energy prices, unlocking billions in investment, thousands of green jobs and research, product and service development.<\/p>\n\n\n\n

In March 2018, GE announced an ambitious plan to bring its disruptive Haliade-X offshore wind turbine to market in little over two years, which they achieved thanks to the pivotal role of the Offshore Renewable Energy Catapult and its world-leading test and validation facilities in Blyth. <\/p>\n\n\n\n

This enabled supply of the turbine to the world\u2019s largest wind farm, Dogger Bank, unlocking over \u00a39 billion in project finance and delivering record-low energy prices for the project in 2019 \u2013 the lowest ever seen for a UK offshore wind farm.<\/p>\n\n\n\n

Developments like Dogger Bank provide the foundation from which the UK can achieve net zero, creating momentum for a strong UK supply chain, thousands of jobs and paving the way for large-scale, indigenous manufacturing.<\/p>\n<\/div>\n\n\n\n

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The long-term partnership between the Catapult and GE has delivered a \u00a36 million combined investment in the Catapult\u2019s unique Grid Emulation system, enabling integration of offshore wind into future energy systems; a \u00a39 million R&D collaboration, \u2018Stay Ashore\u2019; \u00a3500k investment over four years in UK academia, and access and direct benefit to UK SMEs in the development and commercialisation of innovative products and services for the offshore wind industry.<\/p>\n\n\n\n

As a direct consequence of the success of the market entry of Haliade-X, Equinor announced their Operations and Maintenance (O&M) base will be in the North East, less than 30 minutes from Blyth, creating 200 jobs.<\/p>\n\n\n\n

Offshore Renewable Energy Catapult and GE\u2019s \u2018Stay Ashore\u2019 R&D collaboration is pioneering technology innovation for safer and more reliable operation of offshore wind farms and developing the UK supply chain in areas such as robotics, artificial intelligence and digitalisation.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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\n Turbine innovation has played a huge role in bringing down the cost of offshore wind, and these world-leading turbines will help us deliver renewable electricity at the lowest cost possible for millions of people across the UK.<\/em> <\/p>\n \n

\n Halfdan Brustad<\/strong>
Vice President for Dogger Bank at Equinor <\/div>\n \n \n
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\n Lowest ever cost of offshore wind enabled by accelerated technology development\n <\/div> <\/div>\n\n
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\n \u00a39bn\n <\/span>\n\n \n\n
\n in project finance unlocked to deliver world\u2019s largest wind farm and enable UK net zero\n <\/div> <\/div>\n\n
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\n \u00a39m\n <\/span>\n\n \n\n
\n R&D collaboration, \u2018Stay Ashore\u2019, focusing on priorities that drive technology and supply chain improvements in offshore wind \n <\/div> <\/div>\n\n
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\n 2,000+\n <\/span>\n\n \n\n
\n direct and indirect jobs to be created in Teesside and 200 jobs to be created in the North East\n <\/div> <\/div>\n\n
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Offshore Renewable Energy Catapult \u2013 collaborating to bring the most powerful offshore wind turbine in the world to market, enabling accelerated deployment of offshore wind to meet the UK\u2019s net zero ambition, record low energy prices, unlocking billions in investment, thousands of green jobs and research, product and service development.<\/p>\n","protected":false},"featured_media":5376,"template":"","meta":{"_external_link_checkbox":false,"_external_link":"","_event_date":"","_featured_case_study":false},"categories":[4],"tags":[61,63],"class_list":["post-5375","case_study","type-case_study","status-publish","has-post-thumbnail","hentry","category-offshore-renewable-energy","tag-catapult-highlights","tag-leverage"],"yoast_head":"\nCollaboration enables record-low offshore wind energy prices and economic stimulus - The Catapult Network<\/title>\n<meta name=\"description\" content=\"Offshore Renewable Energy Catapult \u2013 collaborating to bring the most powerful offshore wind turbine in the world to market, enabling accelerated deployment of offshore wind to meet the UK\u2019s net zero ambition, record low energy prices, unlocking billions in investment, thousands of green jobs and research, product and service development.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/catapult.org.uk\/our-work\/case-studies\/collaboration-enables-record-low-offshore-wind-energy-prices-and-economic-stimulus\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Collaboration enables record-low offshore wind energy prices and economic stimulus - 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