Abstract
The National Offshore Wind Research and Development Consortium (NOWRDC) evaluated how
the innovations it supports affect the levelized cost of energy (LCOE) and key performance
metrics such as annual energy production (AEP), operational expenditures (OpEx), and capital
expenditures (CapEx). This analysis builds on NOWRDC's 2024 LCOE Impact Report, which
established the modeling framework and baseline assumptions. By modeling these
innovations across three representative offshore wind farms reflecting the expected trajectory
of U.S. offshore wind development in the 2030s. A summary report is included as well.