The U.S. Department of Energy (DOE) has announced the Floating Offshore Wind Shot, a new interagency initiative to grow the amount of renewable energy available in the United States by driving the development of floating offshore wind energy. The Floating Offshore Wind Shot sets an ambitious goal to reduce the cost of floating offshore wind by at least 70% to $45 per megawatt-hour by 2035, while promoting an equitable clean energy transition and creating jobs and economic opportunities for U.S. communities.

About two-thirds of our nation's offshore wind resource is in water over 60 meters deep. The U.S. Department of Energy's Floating Offshore Wind Shot aims to unlock this potential through eight research initiatives designed to bolster the development of floating offshore wind energy in the United States.

DOE | energy.gov/eere