The figures touted by Biden and his administration were included in BNOW’s second quarter market report, also released today. “The administration’s actions have contributed significant momentum to our growing industry,” said BNOW CEO Liz Burdock. Capex for ports and manufacturing surged by $3.5bn in the same period.

The White House noted that 18 offshore wind-related vessels have been commissioned since 2021, with manufacturing and construction occurring across multiple states in the Northeast and along the Gulf of Mexico. The IRA provides some $369bn in federal tax breaks and spending to further the country's energy transition, achieve a carbon free electric grid by 2035, and meet the administration's greenhouse gas emission reduction goals. 'Too expensive' | US state refuses lone offshore wind bid by Orsted JV on cost concernsīiden used data from trade group Business Network for Offshore Wind (BNOW) to trumpet $16.6bn in new market investments since he took office in 2021 - more than quadruple the amount previously - with nearly half following passage of climate legislation, the Inflation Reduction Act (IRA), he signed last August. for bringing more jobs and economic prosperity to Houston and the entire state of Texas, and we look forward to this partnership, Abbott said.

Great lakes dredge and dock jobs