Wind Energy Grows Local Economies, DOE Wind Patent Impact, Dominion Provides Power Guarantees

The Uptime Wind Energy Podcast

US residents in the Midwest benefit financially from onshore wind farms - so will coastal residents see additional income from offshore development? The insurance risks and Virginia's plan to protect taxpayers are just two of "many firsts" for the Coastal Virginia Offshore Wind Project. Dominion Energy is being asked for performance guarantees. How will that play out? How much money can you make with a wind energy patent? That depends on who funds it. In case you didn't read the whole Department of Energy analysis of Wind Energy Technology patents, we did - and the US might be looking for better payback on patent funding in the future. Speaking of innovation, The University of Plymouth and the ORE Catapult have established a research accelerator focused on offshore technology. Visit Pardalote Consulting at https://www.pardaloteconsulting.com 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! Uptime 127 Allen Hall: Everybody welcome to the uptime wind energy podcast. very packed show. First off, wind. Farms help increase the income and GDP of local communities, particularly in the Midwest. And it's not small, it's over 5%. That's a big increase. And the department of energy issued a report recently that looked at the number of patents that are derived from DOE funded Allen Hall: efforts. Joel Saxum: So sticking with that, we're gonna go and visit our friends in the UK and see how the ORE catapult is working with the University of Plymouth to drive some innovation on that side of the. Then after that, staying in the water again, gonna jump down to Virginia and talk about how dominion energy's big project out there for 10 billion, has got some, some funny, fine print in the terms and conditions tune the. Allen Hall: So guys, a recent survey went out and study, went out that, looked at incomes and economies where wind turbines are installed in the United States. And obviously United States, most of the wind turbines are installed in the Midwest from Texas to Minnesota. And a lot of those locations are rural and the feeling was on the street that, it putting wind tur is near or on your property has lowered the overall value of the property because of the wind tur is being there. Allen Hall: But that turns out not to be true. In fact, as based on the survey and study, it said that us counties where wind energy was built, so increases in per capita income of 5%, which is a lot per capita and gross domestic product per capita go up by six and a half percent. So when they compared adjacent counties, they saw where the wind turbines were, had basically better income and more economic. the, the second part of this is that the ho housing prices were pretty stable. Didn't seem to make much difference, in terms of whether wind tur were there or not, didn't change home prices much. what they did see also was a shift in the workforce. So the workforce, which was primarily rural, Farmers, some part of them, those people started to be more mechanically inclined and technicians farmers are mechanically inclined anyway, typically, but there were more people working in the wind locally, so they could work the farm and also work at a wind Turman site. Allen Hall: That seems to be the, the shift. so that relates to offshore wind and the big push in the United States for offshore wind. where offshore wind is not gonna be paying local, the local people, anything really? because they're in federal waters, they don't have to pay landowner for anything they're paying the federal government. so are we just gonna see as much acceptance?