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Energy Transition Today - Advancing Offshore Wind Efficiency Through Atmospheric Turbulence Insights
Reviewed by Simply Wall St
A recent joint research initiative among global wind energy stakeholders has led to significant advancements in the measurement of atmospheric turbulence for offshore wind farms. The project, POWSEIDOM JIP, spearheaded by France Energies Marines and partnered by several industry leaders, aims to enhance the efficiency and safety of offshore wind turbine operations through improved measurement and modeling tools. By utilizing advanced lidar technology, the consortium has developed algorithms that enable more precise assessment of wind conditions, which are critical for the durability and profitability of wind energy projects, particularly in the complex Mediterranean Sea environment. These developments promise to optimize the design and operation of offshore wind farms, addressing the challenges posed by atmospheric turbulence.
Elsewhere in the market, Talen Energy (NasdaqGS:TLN) was a standout up 12.8% and ending the day at $199.09. Meanwhile, Delta Electronics (Thailand) (SET:DELTA) trailed, down 6.8% to finish the session at THB69.00, near its 52-week low.
Best Energy Transition Stocks
- Tesla (NasdaqGS:TSLA) settled at $248.09 up 7.6%.
- Vistra (NYSE:VST) settled at $121.92 up 6.6%.
- Applied Materials (NasdaqGS:AMAT) finished trading at $149.06 up 1.4%, close to the 52-week low. This week, the company announced a 15% dividend increase and a $10 billion share repurchase program.
Turning Ideas Into Actions
- Access the full spectrum of 144 Energy Transition Stocks including Inner Mongolia Dian Tou Energy, CNOOC Energy Technology & Services and NOV by clicking on this link.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:TSLA
Tesla
Designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Flawless balance sheet with reasonable growth potential.
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