The firm says the “unprecedented method” would enable operators of wind farms not visible from land to deliver energy to where and when coastal electricity demand and prices are the highest.
This would greatly improve revenue over conventional offshore wind projects, which supply at much lower, round-the-clock average prices, according to the developer.
As a transmission asset, Inexhaustible contends that its concept would alleviate grid congestion during peak demand periods in densely populated coastal regions.
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