Current:Home > StocksAttentive Energy investing $10.6M in supply chain, startups to help New Jersey offshore wind -StockFocus
Attentive Energy investing $10.6M in supply chain, startups to help New Jersey offshore wind
View
Date:2025-04-25 18:50:22
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! (1)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Why Joey Graziadei Is Defending Sydney Gordon After Bachelor Drama
- Nikki Haley wins the District of Columbia’s Republican primary and gets her first 2024 victory
- Writer for conservative media outlet surrenders to face Capitol riot charges
- A South Texas lawmaker’s 15
- North Carolina is among GOP states to change its voting rules. The primary will be a test
- MLS pulls referee from game after photos surface wearing Inter Miami shirt
- Michigan football helped make 'Ravens defense' hot commodity. It's spreading elsewhere.
- 2 killed, 3 injured in shooting at makeshift club in Houston
- In Hawaii, coral is the foundation of life. What happened to it after the Lahaina wildfire?
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Mi abuela es un meme y es un poco por mi culpa
- Prince William visits synagogue after bailing on event as Kate and King Charles face health problems
- Trump endorses Mark Robinson for North Carolina governor and compares him to Martin Luther King Jr.
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- For people in Gaza, the war with Israel has made a simple phone call anything but
- PHOTOS: What it's like to be 72 — the faces (and wisdom) behind the age
- You Won’t Believe All the Hidden Gems We Found From Amazon’s Outdoor Decor Section for a Backyard Oasis
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
The Excerpt podcast: Despite available federal grant money, traffic deaths are soaring
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Texas police arrest suspect in abduction of 12-year-old girl who was found safe after 8 days
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Caitlin Clark to get custom Kristin Juszczyk vest to commemorate records, per report
Getting off fossil fuels is hard, but this city is doing it — building by building
Immigration ‘parole’ is a well-worn tool for US presidents. It faces a big test in 2024 elections