Orsted Investor Call Insights, GE Vernova Prepares for Lift-off

The latest episode of the Uptime Wind Energy Podcast tackles the major offshore wind project cancellations on the U.S. East Coast. Ørsted recently halted development of its Ocean Wind 1 and 2 projects off New Jersey. The decision highlights ongoing challenges in the American offshore wind market like permit delays, supply chain issues, and lack of specialized vessels. Rosemary, Joel, Phil, and Allen analyze Ørsted's financial position, problems with U.S. inter-agency coordination, and impacts on future offshore wind PPAs. GE Vernova's reduced losses in wind energy put it on course for a 2024 stand-alone company but there are risks ahead. Our Wind Farm of the Week is Grand Bend Wind Farm in Canada. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Uptime 190 Allen Hall: The Nuremberg Technotrain, the rave, seven hour rave train that runs through Germany. Come on. Can you imagine being in that train? Rosemary Barnes: I've been to some German raves. You have been to a rave in Berlin? Is that true? Yeah. I've been to like special underground clubs. Wouldn't you, if you were in Berlin and had the opportunity? Of course you would. Come on.  Allen Hall: No, I am not going. To a rave in Berlin. That's not in my top 10. Sorry.  Rosemary Barnes: I went to this one with my little sister when she lived in Germany, which was probably like 15 years ago, or maybe even more. And yeah, it was in some disused industrial building, like an old factory or something. And they had this artwork made out of just like scrap. Random scrap, and one of them was sitting on the bar, and then every, half hour or whatever, they would just turn it on and would just breathe out this big fireball, just, everyone would just get out of the way of this sculpture breathing out a fireball and just keep on dancing. Allen Hall: Rosemary, I, this is so out of character. I can't believe you're within a hundred meters of a rave. That's insane.  Rosemary Barnes: Probably these days it might be more likely to go to a Taylor Swift concert than a than a rave, but purely for if there was a seating option. I enjoy a seated option at a music event these days. Allen Hall: I had no idea. When I brought it up, I was like, there's nobody who's been to a German rave. Oh yeah. I've been to the German rave all the time.