COURT HOUSE – Offshore wind developer, Attentive Energy, announced a $10.6 million investment to advance New Jersey’s innovation supply chain and to help support ocean-based technology startups. Attentive said it is making the investment as part of its effort to help New Jersey meet its ambitious offshore wind targets, which remain even after the withdrawal of the Danish firm Orsted from the Ocean Wind I and II wind farm projects.
The investments are contingent on the approval of the projects by the New Jersey Board of Public Utilities.
Attentive said that $6.6 million of its investment would go to SeaAhead, a company that supports ocean-related technology firms. SeaAhead will establish a business incubator firm in New Jersey. The remaining $4 million is for support of ocean-based small businesses in 11 small business development centers across New Jersey.
Attentive Energy is one of four bidders in New Jersey’s most recent solicitation for offshore wind providers. It is a collaboration between Houston-based Total Energies and Corio Generation. Corio Generation is a company with offices in Boston, Massachusetts, and London, England, that bills itself as a “globally leading offshore wind developer.” Total Energies is a French multinational energy and petroleum company that says it seeks to be a world-class player in the energy transition now underway.
Attentive says a goal of the company is to localize the supply chain for offshore wind initiatives. Supply chain issues were a leading reason given by Orsted when it withdrew from its wind farm commitments in the state.
Contact the author, Vince Conti, at vconti@cmcherald.com.