The Biden Administration is launching coordinated actions to develop new floating offshore wind platforms, an emerging clean energy technology that will help the United States lead on offshore wind.
Initiatives on Floating Offshore Wind, launched by Departments of Energy, Interior, Commerce, and Transportation, aim to deploy 15 GW of floating offshore wind capacity by 2035, power 5 million homes through this source of energy, and lower costs 70 percent by 2035.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.