Last May, four countries in Northern Europe declared their intention to install at least 65 gigawatts (GW) of offshore wind energy in the wind-rich North Sea by 2030, up from the current 20 GW. It’s another sign that the offshore wind industry is set for an unprecedented boom as the technology improves and countries rush to reduce their reliance on fossil fuels and speed the journey to net zero.
Electrical power systems, better known as the grid, have largely worked the same way for more than 100 years. The vast network of wires, switches, transformers, and other technologies were designed for a one-way power flow, moving electrons from the point of generation to the point of consumption. Today, rapid changes are putting tremendous pressure on the grid. Electricity is no longer flowing in one direction only. You might think of it as a free-for-all — from the intermittent flows of big wind and solar projects to rooftop solar panels to an EV in the driveway.
This Thursday, GE will hold its annual Investor Conference at GE Aerospace’s Customer Technical Education Center and nearby manufacturing facilities in Cincinnati and will feature keynote presentations from GE Chairman and CEO and GE Aerospace CEO Larry Culp, GE Vernova CEO Scott Strazik, and leaders from both businesses.
There’s just one offshore wind farm generating electricity in the United States, but things are quickly changing. Several huge wind projects along America’s Eastern Seaboard are already in various stages of development, and the industry is also set to get a multi-billion-dollar boost from the Infrastructure Investment and Jobs Act, passed last year.
But placing wind turbines far off the coast is just one part of the engineering problem. Operators also need an efficient way to bring the electricity they generate to consumers on land.
At night, the fair was lit by hundreds of thousands of incandescent bulbs. Although GE founder Thomas Edison had patented the light bulb 14 years earlier, no one had seen a light exhibit on the scale of the Chicago fair.