Offshore wind remains vastly underutilized in the United States and other markets relative to its potential. Although marine wind farms currently generate over 80 gigawatts of electricity worldwide, experts say that figure needs to multiply many times over if offshore wind is to play its intended role in the energy transition. The industry has grown quickly, but the gap between what exists and what climate goals require is large and widening.
As systems are put in place around the world to generate more electricity from wind energy, firms like Vision Marine Technologies Inc. (NASDAQ: VMAR) are also focused on reducing emissions in…
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