Norwegian companies can capitalize on green energy opportunities in the Americas
The US Inflation Reduction Act (IRA) offers significant opportunities for foreign businesses operating in the green energy sector with its $369 billion allocation for investments in renewable energy and zero-emission technology. However, some of the package's provisions require local content or production in the US.
This was one of the key takeaways from a recent meeting between Innovation Norway's experts from North and South Americas and companies and clusters from Western Norway.
Not a seat was left empty at Media City Bergen as the discussions went on about how to navigate the export and scaling opportunities for Norwegian companies in the American ocean industries. Moreover, how clusters like GCE Ocean Technology, Maritime CleanTech and Innovation Norway can help companies succeed in the Americas.
Some of the key takeaways:
- The US offshore wind industry is looking for a safety culture, acceleration of offshore wind industry-building, solutions to long lead times, committed industry partners, and solutions it doesn't yet know it needs, such as digitalization.
- Canada has abundant marine renewable energy sources in offshore wind, tidal, wave, and river current energy sources, with a potential of up to 340 Gigawatts. Norway's experience with climate and sustainability is perceived as valuable in Canada.
- Brazil has a significant potential for offshore wind, with over 700 Gigawatt potential and over 170 GW in projects under environmental licensing. H2 production will be a big driver for offshore wind projects, and opportunities exist for floating, including developers, seismic, engineering and consulting, and installation and commissioning.
- Aanderaa Data Instruments, which exports more than 80% of its products and services, shared its success from partnerships, knowledge sharing, funding, and international opportunities arising from cluster activities, such as the Ocean Tech Scaling Program and collaboration through SFI Smart Ocean.
If you are planning on going into the American market do not hesitate to contact us or:
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GCE Ocean Technology is helping our partners and members with global growth.
One of our inititatives is the Ocean Tech Scaling Program starting this fall – we would love to hear from you if you would like to learn more or take part in this programme. The programme includes a week session at MIT in Boston.
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