Securing Vehicle‑to‑Grid Tech

OCI Energy and Arava Power took part in a signing ceremony to execute a Membership Interest Purchase Agreement (MIPA) for La Salle Solar, a 670 MWdc utility-scale solar project located in La Salle County, Texas. Under the MIPA transaction, Arava Power will acquire a 50% ownership interest and the parties will jointly finance, construct, own and operate the solar project.

La Salle Solar marks a significant milestone for both companies as their largest single-site solar project to date and further strengthens the long-standing partnership between OCI Energy and Arava Power. The transaction represents the third collaboration between the two, reflecting a shared track record of advancing large-scale renewable energy projects in the Texas market.

At full capacity, La Salle Solar is expected to generate enough clean electricity to power approximately 100,000 homes, contributing meaningful generation to support energy reliability, affordability, and security in one of the nation's fastest-growing power markets.

"La Salle Solar is a milestone not only because of its size, but because it reflects the consistency and expertise of our team," said Sabah Bayatli, President of OCI Energy. "Executing a project of this scale is the result of deep market knowledge, strong partnerships, and a focused approach to development. Texas continues to be the foundation of our portfolio, and La Salle demonstrates our ability to deliver repeatable, high-quality projects that meet the evolving needs of the grid."

"La Salle Solar is a testament to Arava Power's momentum in the U.S. market," said CEO Ilan Zidkony. "Securing this 670 MWdc project strengthens our platform and underscores the seamless alignment between our team and OCI Energy. We are on track to break ground by year-end, further accelerating our mission to deliver large-scale, sustainable energy solutions."

Project La Salle Solar is expected to begin commercial operations in 2028.

OCI Energy | https://www.ocienergy.com/

Arava Power | https://aravapower.com/

Floating Offshore Wind Power market to surpass $2 billion by 2030. In comparison, the Offshore Wind market, which is considered as its parent market, is expected to be approximately $120 billion by 2030, with Floating Offshore Wind Power to represent around 2% of the parent market. Within the broader Utilities industry, which is expected to be $9,379 billion by 2030, the Floating Offshore Wind Power market is estimated to account for nearly 0.02% of the total market value.

Which Will Be The Biggest Region In The Floating Offshore Wind Power Market In 2030?
Asia Pacific will be the largest region in the floating offshore wind power market in 2030, valued at $1.24 billion. The market is expected to grow from $0.12 billion in 2025 at a compound annual growth rate (CAGR) of 60%. The exponential growth can be attributed to increasing deployment of pilot and commercial-scale floating wind projects across deep-water coastlines, rising energy demand from rapidly industrializing economies, favorable offshore wind resource availability in countries such as Japan and South Korea, advancements in floating platform engineering and anchoring systems, and growing participation of regional utilities and energy companies in large-scale renewable energy investments. 

Which Will Be The Largest Country In The Global Floating Offshore Wind Power Market In 2030?
China will be the largest country in the floating offshore wind power market in 2030, valued at $0.96 billion. The market is expected to grow from $0.11 billion in 2025 at a compound annual growth rate (CAGR) of 54%. The exponential growth can be attributed to aggressive offshore renewable capacity expansion targets, increasing involvement of state-owned enterprises in floating wind demonstration projects, strong domestic manufacturing ecosystem for wind turbines and components, rapid technological localization to reduce dependency on imports, and expanding grid infrastructure to integrate offshore renewable power into mainland energy systems. 

What Will Be The Largest Segment In The Floating Offshore Wind Power Market In 2030?
The floating offshore wind power market is segmented by component into mooring systems, platforms, subsea cables, and turbines. The turbines market will be the largest segment of the floating offshore wind power market segmented by component, accounting for 42% or $1 billion of the total in 2030. The turbines market will be supported by continuous scaling of turbine capacity to improve energy output, increasing adoption of high-efficiency blades and generators designed for offshore conditions, growing investments in next-generation turbine designs optimized for floating structures, rising focus on durability and performance in harsh marine environments, and ongoing innovation aimed at reducing levelized cost of energy (LCOE) for floating wind projects.

The floating offshore wind power market is segmented by technology into floating wind turbine, hydrodynamic floating structure, and other technologies.
The floating offshore wind power market is segmented by water depth into shallow water, transitional water, and deep water.
The floating offshore wind power market is segmented by turbine capacity into up to 3 MW, 3 MW – 5 MW, and above 5 MW.
The floating offshore wind power market is segmented by application into hydrogen production, off-grid power generation, and utility-scale power generation.

What Is The Expected CAGR For The Floating Offshore Wind Power Market Leading Up To 2030?
The expected CAGR for the floating offshore wind power market leading up to 2030 is 45%.

What Will Be The Growth Driving Factors In The Global Floating Offshore Wind Power Market In The Forecast Period?
The rapid growth of the global floating offshore wind power market leading up to 2030 will be driven by the following key factors that are expected to address rapid commercialization of semi-submersible and spar-buoy platforms enabling full-scale commercial deployments with enhanced stability and scalability, respond to strategic pivot toward deep-water national energy security by accessing high-quality wind resources far from shore to reduce reliance on fossil fuels, and support integration with green hydrogen and industrial decarbonization hubs for direct utilization of renewable power across steel, chemicals, and refining sectors across global energy systems.

Rapid Commercialization of Semi-Submersible and Spar-Buoy Platforms - The rapid commercialization of semi-submersible and spar-buoy platforms is expected to become a key growth driver for the floating offshore wind power market by 2030. Industry participants are accelerating the transition from pilot-scale demonstrations to full-scale commercial deployments, leveraging proven floating platform designs that offer enhanced stability and scalability in offshore environments. These platform types enable efficient installation and maintenance processes, reducing project timelines and operational complexities. Developers are increasingly standardizing platform configurations to achieve economies of scale and streamline supply chains. This shift toward commercially viable floating foundation technologies is strengthening project feasibility across global markets. As a result, the rapid commercialization of semi-submersible and spar-buoy platforms is anticipated to contribute approximately 3.0% annual growth to the market.

Strategic Pivot Toward Deep-Water National Energy Security - The strategic pivot toward deep-water national energy security is expected to emerge as a major factor driving the expansion of the floating offshore wind power market by 2030. Governments and energy planners are increasingly focusing on offshore renewable assets located in deeper waters to diversify energy sources and reduce reliance on imported fossil fuels. Floating wind technologies enable access to high-quality wind resources far from shore, supporting long-term energy resilience strategies. This shift is also encouraging the development of dedicated offshore energy zones and long-term capacity planning frameworks. The growing emphasis on energy independence through offshore renewables is accelerating investment momentum in floating wind infrastructure. Consequently, the strategic pivot toward deep-water national energy security is projected to contribute around 2.8% annual growth to the market.

Integration with Green Hydrogen and Industrial Decarbonization Hubs - The integration with green hydrogen and industrial decarbonization hubs is expected to act as a key growth catalyst for the floating offshore wind power market by 2030. Floating wind projects are increasingly being aligned with hydrogen production facilities and energy-intensive industrial clusters to enable direct utilization of renewable power. This integration supports large-scale decarbonization of sectors such as steel, chemicals, and refining, where electrification alone is insufficient. Developers are exploring co-location strategies that combine offshore wind generation with hydrogen electrolysis and storage systems. Such integrated energy ecosystems enhance project economics and create new revenue streams beyond electricity generation. Therefore, the integration with green hydrogen and industrial decarbonization hubs is projected to contribute approximately 2.3% annual growth to the market.

Access The Detailed Floating Offshore Wind Power Market Report Here
https://www.thebusinessresearchcompany.com/report/floating-offshore-wind-power-global-market-report?utm_source=EINPresswire&utm_medium=Paid&utm_campaign=May_PR

What Are The Key Growth Opportunities In The Floating Offshore Wind Power Market In 2030?
The most significant growth opportunities are anticipated in the mooring systems market, the platforms market, the subsea cables market, and the turbines market. Collectively, these segments are projected to contribute over $2.5 billion in market value by 2030, driven by rising deployment of large-scale floating wind farms in deeper offshore zones, increasing demand for reliable anchoring and station-keeping solutions, expansion of offshore grid connectivity infrastructure, and continuous advancements in high-capacity turbine technologies. This momentum reflects the industry’s focus on improving project scalability, optimizing offshore energy transmission, and enhancing structural reliability, accelerating growth across the global floating offshore wind ecosystem.

The mooring systems market is projected to grow by $0.1 billion, the platforms market by $1.0 billion, the subsea cables market by $0.4 billion, and the turbines market by $1.0 billion over the next five years from 2025 to 2030. 

The Business Research Company | www.thebusinessresearchcompany.com

TS Conductor (TS) announced the grand opening and start of operations at its newest manufacturing plant in Hardeeville, South Carolina. American-owned and proudly made in the USA, TS is a pioneer of patented and award-winning Aluminum Encapsulated Carbon Core (AECC) next-generation advanced conductors.

The South Carolina AECC plant is poised to strengthen U.S. domestic supply chains as utilities work toward building a stronger, higher-capacity, more-efficient power grid — all with the speed that American industry needs and the affordability that American ratepayers deserve. The milestone will be celebrated today at a grand opening event at the Jasper County facility.

The new facility — located at a master-planned industrial park just miles from the Port of Savannah — is TS's second U.S. manufacturing plant. The company's headquarters and first manufacturing facility is in Huntington Beach, California. The initial phase of TS's South Carolina expansion will increase the company's AECC production capacity by up to 10x compared to its first manufacturing plant. At full buildout, capacity is expected to increase up to 20x.

South Carolina Governor Henry McMaster shared, "Today marks an important milestone for TS Conductor and for South Carolina. The opening of this facility in Hardeeville reflects the strength of our workforce and our commitment to supporting American energy security. This investment will create new opportunities for the people of Jasper County and further strengthen our state's economy."

AECC is a next-generation advanced conductor capable of doubling or tripling the grid's transmission capacity compared to traditional ACSR conductors. AECC is highly durable and fully compatible with standard equipment and practices utilized for traditional conductors for safe and easy installation — a critical improvement that earlier generations of advanced conductors struggled to overcome. By choosing AECC conductors, utilities can improve reliability, avoid structural rebuilds, and significantly reduce CapEx across both new and reconductoring projects. The latter option — reconductoring with modern advanced conductors such as AECC — is the fastest way for grid operators to add desperately needed transmission capacity affordably.

Federal support for advanced conductor deployment

For phase one of the three-phase expansion in Hardeeville, TS is receiving continued support of $28 million from the U.S. Department of Energy's Manufacturing Deployment Office (MDO), within the Office of Critical Minerals and Energy Innovation (CMEI). The MDO was previously known as the Office of Manufacturing and Energy Supply Chains (MESC). TS also earned recognition from the White House earlier this year as a notable manufacturing investment success.

The manufacturing expansion is well aligned with federal priorities: two months ago, the U.S. Department of Energy (DOE) announced a $1.9 billion SPARK (Speed to Power through Accelerated Reconductoring) initiative, which provides significant federal cost share for near-term, high-impact grid capacity upgrades. SPARK aims to rapidly increase transmission capacity within existing rights-of-way — a goal best achieved by replacing legacy conductors with next-generation AECC conductors. TS technology is also fully compliant with SPARK's Build America, Buy America requirement.

"We are encouraged by the DOE's SPARK program, which reinforces the administration's commitment to grid modernization and U.S. energy dominance. With that future in mind, I believe the opening of our Hardeeville facility marks a pivotal moment for the American energy landscape," said TS CEO Jason Huang, PhD. "We believe AECC is central to the future of our nation's power architecture, and we are immensely proud to produce this world-leading technology right here in the United States."

Shortly after the announcement of the SPARK program, the White House issued a Presidential Determination under the Defense Production Act formally identifying the U.S. electric grid as a critical vulnerability to national security. Advanced conductors — including their domestic manufacture and deployment — have been designated as a critical piece of the solution for U.S. national defense. As a U.S.-owned and -operated manufacturer, TS Conductor directly supports these federal grid-security priorities by delivering transmission capacity expansion solutions aligned with national defense and resilience objectives.

"Expanding domestic production of high-performance conductors is a vital step toward ensuring our industry has the tools necessary to modernize the grid within existing rights-of-way. Strengthening the U.S. supply chain — as TS is doing today — allows utilities to accelerate capacity upgrades and meet our nation's evolving energy needs with greater speed and affordability," said Tom Kuhn, former president and CEO of Edison Electric Institute.

An investment in South Carolina's industrial and economic future

TS is investing $42 million in the first phase of the Hardeeville location, with a total investment of $134 million planned across all three phases of the project. Phase one will occupy 300,000+ square feet; future phases could encompass an additional 1 million square feet. The industrial park is located less than 10 miles from the nation's third-largest port of entry and fastest-growing container terminal — the Georgia Ports Authority's Garden City Terminal in Savannah — in a strategic move for the company and its rapidly growing pipeline of domestic and international customers.

At full capacity, the Hardeeville facility is expected to create ~462 direct advanced manufacturing jobs with above-average wages. Already, 288 jobs have been created, with hiring continuing. TS is working in partnership with South Carolina's workforce development system, SC Works, and two connected programs — readySC and the SC Department of Employment and Workforce (DEW) — to invest in vocational training across the region.

Hardeeville Mayor Harry Williams shared, "The City of Hardeeville and Jasper County are excited to welcome TS Conductor into our community. This facility will create far more than just an important technology for power transmission; it will be a center of hope for our young people who want to achieve an economically secure life for their families with career choices that didn't exist for prior generations. TS Conductor has already shown its eagerness to intertwine the company into the fabric of our community, and we welcome them with open arms."

TS Conductor investors and customers

Utilities worldwide have deployed TS technology, including Arizona Public Service, Basin Electric Power Cooperative, Montana-Dakota Utilities Company, Salt River Project, Tennessee Valley Authority, and others in the U.S. and beyond.

TS's industry-leading investors include Blue Earth Capital; Breakthrough Energy Ventures; Edison International; Energy & Environment Investment, Inc.; Gates Frontier; National Grid Partners, a subsidiary of NextEra Energy Resources; Quanta Services; and Wellington Management.

"TS Conductor's expansion is a significant step forward as we work to improve energy security while meeting the surging power demands of the AI and data center era — all without raising costs for everyday ratepayers. By delivering more power through existing corridors, technology like this helps ensure our grid remains a robust, cost-effective engine for security, innovation, and the broader energy transition," said Carmichael Roberts at Breakthrough Energy Ventures.

Job seekers can learn more about career opportunities at TS Conductor and apply for open positions here. Organizations submitting for funding through the SPARK program can learn more and contact the TS team for support here.

TS Conductor | www.tsconductor.com

Rivers of Recovery (RoR) is pleased to announce that Stryten Energy LLC is continuing its partnership and has provided a generous financial donation for the sixth consecutive year to support wounded U.S. combat veterans participating in Rivers of Recovery programs. The donation will directly support combat veterans suffering from post-traumatic stress, mild traumatic brain injury, or other psychological wounds of war by enabling them to participate in RoR’s unique outdoor rehabilitation program at no cost to them.

RoR provides combat veterans with an experiential rehabilitation program that focuses on outdoor recreational therapy activities along with other self-treatment techniques.

“At Stryten Energy, we believe supporting veterans means investing in their well‑being after their service ends,” said Mike Judd, Chief Executive Officer and President of Stryten Energy. “Rivers of Recovery provides a powerful, experience‑based path to healing, and we’re proud to continue our support of an organization making a meaningful difference in the lives of those who have given so much.”

Benefits of the Partnership

With Stryten's continued partnership, RoR is not just expanding programs but transforming the landscape of veteran care by making evidence-based outdoor therapy accessible to more veterans than ever before.

“Support from partners like Stryten Energy makes it possible for us to continue serving veterans through meaningful, restorative experiences,” said Amy Simon, Executive Director of Rivers of Recovery. “Their continued commitment helps ensure we can reach more individuals, build stronger connections, and create lasting impact for those who have served.”

Support from Stryten Energy enables the continued research partnership with Cornell University on outdoor therapy effectiveness and the expansion of the programs and river trips that RoR offers. The organization plans to conduct additional river trips across California, Arkansas, Connecticut, Wisconsin, New York, and Idaho. Additionally, the programs dedicated to women veterans will expand into more locations.

Additional Partnership Activities

Additionally, Stryten Energy is the platinum sponsor for RoR’s Stars and Stripes charity fishing tournament to be held June 11-12, 2026, in Newburg, MD. Hosted by Mid River Guide Service, teams will compete for awards for the largest fish, most fish and team spirit. All proceeds from the tournament will fund additional therapeutic excursions for our nation’s wounded warriors.

Stryten Energy also looks forward to hosting military veterans and staff from Rivers of Recovery in Breckinridge, CO, in July for an outdoor Jeep adventure. Participants will experience the thrill of climbing the Rocky Mountain trails in Stryten’s Jeeps that are custom-built for this type of adventure.

Rivers of Recovery | www.riversofrecovery.org

Stryten Energy | www.stryten.com

Hydrostor, a global long-duration energy storage (LDES) developer and operator based in Toronto, has announced the development of an advanced compressed air energy storage (A-CAES) project in Greater Napanee, Ontario—the Quinte Energy Storage Centre. “We’re excited to be announcing our first large-scale project in Greater Napanee, Ontario, right in Hydrostor’s backyard,” said Curtis VanWalleghem, Chief Executive Officer and Co-Founder of Hydrostor. “This project will make critical contributions to grid reliability and resiliency, advancing the province’s energy goals and bringing a large infrastructure project with significant jobs and investment to Ontario.”

The announcement comes on the heels of the project’s receipt of a Municipal Support Resolution from Greater Napanee, Ontario, which was the result of a more than 12-month consultation process that allowed Hydrostor to engage with the town’s Administration, Council, and community members to raise awareness and understanding of the project and its benefits.

The project will now begin its permitting process, during which Hydrostor will continue to partner with the community of Greater Napanee as well as provincial and federal agencies to secure the necessary municipal, provincial, and federal permits and approvals. The project is being developed in partnership with the Mohawks of the Bay of Quinte, who will be an Indigenous equity partner in the project.

As a large-scale infrastructure project, the Quinte Energy Storage Centre is expected to contribute significantly to the local and provincial economy. The project is estimated to support thousands of jobs during the construction phase of the project, and approximately 40 permanent jobs for the facility’s 50-year lifetime once operational. The project is expected to contribute over CA$1.4B to Canada’s GDP.

The project will be funded in part by a previously announced investment from the Canada Growth Fund, who have made available a $50 million USD convertible development expenditure loan facility to fund a portion of development costs for Hydrostor’s Canadian projects.

Ontario’s Independent Electricity System Operator recently announced its first Long Lead-Time Procurement as Directed by Ontario’s Minister of Energy and Mines, Stephen Lecce, which will procure up to 800 MW of long-duration energy storage and prioritizes the development of diverse resources to support the reliability of Ontario's grid for years to come.

The company’s A-CAES technology represents a critical solution underpinning the future reliability of energy systems globally. Hydrostor has projects in late-stage development in New South Wales, Australia, and California, USA, along with a 7 GW project pipeline globally, with projects advancing in Canada, the U.S., Australia, and the UK.

Hydrostor | https://www.hydrostor.ca/ 

Socomec, a specialist manufacturer of low-voltage electrical equipment, has  announced the inauguration of two new industrial sites in Suwanee, Georgia, near Atlanta, and Brampton, Ontario, near Toronto, to meet the growing power demands of the North American data center market. The new facilities form a core part of Socomec’s wider strategy to strengthen its industrial sovereignty and accelerate the development of innovative power solutions tailored to the needs of North American data center operators. 

Data centers are now the largest and fastest‑growing segment of French-headquartered Socomec Group, which has been operating in North America for 15 years. According to Gartner, the global electricity demand for data centers will double by 2030 – driven in large part by the boom of artificial intelligence – while the global data center construction market is expected to grow from $181.51 billion in 2025 to $440.06 billion in 2035. 

To align industrial capacity with the demands of the North American data center sector, Socomec’s new 194,000 sq. ft site in Suwanee, north-east of Atlanta will be dedicated to the production of Uninterruptible Power Supply (UPS) systems and Static Transfer Switches (STS). Expected to reach full capacity in early 2027, the new factory will employ 300 staff. Meanwhile, the new site in Brampton, north-west of Toronto, will manufacture high-efficiency transformers and Power Distribution Units (PDUs), which remains the flagship product in the region. The site covers over 150,000 sq. ft. and already has 170 employees at the location. 

Socomec supports data centers with modular UPS systems, smart conversion technology and catcher architecture, addressing availability, efficiency, power quality and redundancy requirements in high‑density environments. Local manufacturing will further allow Socomec to ensure regulatory compliance with increasingly stringent UL and CSA standards, while a newly assembled North American development team will be responsible for surfacing customer needs within the data center segment, ensuring responsiveness and increasing the group’s efficiency when dealing with international partners.  

"Manufacturing where we sell is a decisive advantage in the current geopolitical context,” said Ivan Steyert, CEO of Socomec Group. “Our two new sites will significantly increase Socomec’s ability to serve North American data center operators, ensuring a consistent level of quality, reduced lead times and improved industrial agility, while allowing us to remain close to our customers." 

Michele Putignano, CEO of North America at Socomec, added, “In a demanding and highly regulated North American market, our ambition is to build sustainable local expertise, offer ever more innovative solutions and strengthen our position as the leader in power conversion for data centers and other critical infrastructures. The region is now a strategic driver for Socomec, having seen annual growth rates of over 20 percent in five consecutive years.”   

Socomec employs 750 in the U.S. and Canada, while almost a quarter of the company’s global revenues – which total more than $1.1billion (€997million) – come from the region. 

Socomec | https://www.socomec.us/en-us