080 - What are the current difficulties and challenges that Offshore Wind Energy is now facing?

In the latest episode of Boom! It's on the Blockchain, we are joined by Jonathan Knight, CEO of Uprise Energy, joins us to discuss the current difficulties and challenges that Offshore Wind Energy is now facing. Subscribe to Boom! It's on the Blockchain - https://boomitsontheblockchain.com/ **Show Notes** With Vattenfall suspending a massive project in the UK North Sea and Iberdrola-owned Avangrid agreeing to pay roughly $50 million to end a power arrangement for a groundbreaking US venture that it claims is no longer viable, offshore wind has had better months. A examination of Siemens Energy's wind turbine business revealed more serious issues than anticipated that might cost more than 1 billion euros ($1.1 billion). As a result, the company canceled its 2023 profit forecast. An extensive technical study of Siemens Gamesa's installed turbine fleet and product designs, according to Siemens Energy, was started as a result of what it claims to be a marked increase in component failure rates. Since offshore wind's ambitions have grown, it has always signaled good news for the energy transition. This month, the US announced first leasing in the Gulf of Mexico, but storm clouds are now undeniably forming. In this podcast, Jonathan offers his assessment of the market and discusses if the global recession is to blame for some of the unfavorable trends. Guest - Jonathan Knight Jonathan Knight is a Cofounder and CEO of Uprise Energy, a San Diego, CA based startup that is building the world’s first commercially sized mobile wind turbines. Prior to Uprise, Jonathan was the Senior VP and General Manager of Knight & Carver Yacht Center, an award winning and globally recognized custom yacht builder that also operated the largest marine repair facility on the West Coast of the Americas. In the late ‘90s, Jonathan leveraged the company’s reputation as a leader in composites to begin offering repair services to utility scale wind turbine companies. The success of this venture spun-off its own division - Knight & Carver Wind Group - that evolved from blade repair to new blade manufacturing for the largest OEM’s in the space and created a Field Services division with nearly 400 employees that serviced wind farms all around the world. The crowning achievement of this division came when the company teamed up with the US Dept. of Energy and SANDIA Laboratories to develop the STAR Blade®, which is the #1 performing wind turbine blade ever built. Uprise Energy - https://upriseenergy.com/ Jonathan Knight on LinkedIn - https://bit.ly/3YPPmND Jonathan Knight on Twitter - https://bit.ly/3mXxOSA Follow Boom! It's on the Blockchain on Social Media Apple Podcasts - https://apple.co/3NDCeWF Facebook - https://lnkd.in/gv4WRDMm YouTube - https://bit.ly/3a0R9M2 Spotify - https://spoti.fi/3t0A0ZU LinkedIn - https://bit.ly/3z4b3R5 TikTok - https://bit.ly/3HZQSGg Podcast Host Alastair Caithness - https://bit.ly/3kpBLP3 Alastair Caithness on LinkedIn - https://bit.ly/3BjK6bp Energy Tokens - https://www.energytokens.io/ Ziyen - https://www.ziyen.com/