Top 10 Wind Energy Services Companies – 2022

The U.S. wind power has more than tripled in the past decade to become the country’s largest source of renewable power. According to recent market reports, the global wind turbine market is determined to grow at a CAGR of 5.97 percent, to reach $94.26 billion by 2026.

One of the newest wind energy technology trends driving this growth is offshore wind energy. Unlike onshore utility-scale wind farm development, offshore wind energy has higher wind speeds, lower intrinsic turbulence intensities, and lower wind shear.

Technological progress is also boosting the outlook for offshore wind. Until recently, turbines have been installed onto bottom-fixed foundations grounded in waters with typical depths of up to 50 meters, requiring a relatively shallow continental shelf. Newer, floating foundations can now be installed irrespective of the terrain below water depths of 1,000 meters and beyond—an advancement that increases the viable sea area for offshore wind by a factor of five.

To put the spotlight on such key developments in the industry, Energy Business Review illustrates how offshore wind farms are changing the wind energy space. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Parul Dhall, Senior Director of Low Carbon Technologies; Ferry Winter, Director of Energy Transition Campus Amsterdam and General Manager Technology, Shell; and Jaume Millàs, Energy Director at Veolia. They shed light on how ramping up the supply chain will be necessary for the speedy development and safe deployment of new and innovative offshore wind technologies.

In this edition of Energy Business Review, we also bring to you the story of the top wind energy services companies. In the list, Vest- Fiber stands out for offering small fiberglass products and services forthe wind turbine industry. We also bring you the story of KiNRG, the innovator and creator of the Downdraft Energy Tower, the only hybrid solarwind technology that integrates numerous proven emerging technologies to economically generate an abundance of electricity.

Through the following pages, we aim to shine a light on the innovative trends and latest developments in the wind energy space. We would like to know your thoughts.