GWT Shifts Focus to Aerospace and Defense from Offshore Wind in Louisiana
Gulf Wind Technology (GWT) in Louisiana pivots from offshore wind to aerospace and defense after a halt in U.S. offshore wind projects. The company recently completed repairs on a government radio telescope in New Mexico and plans to invest $12 million in new manufacturing capabilities. GWT continues to support onshore wind infrastructure while seeking opportunities in various industries, capitalizing on its expertise in lightweight materials.
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Gulf Wind Technology (GWT) in Louisiana has shifted its focus from offshore wind projects to aerospace, maritime, energy, and defense due to a lack of domestic investment in offshore wind. The company recently repaired a radio telescope in New Mexico, marking its first project post-pivot.
GWT plans to invest $12 million this year in manufacturing equipment and product development. Despite a hold on new offshore projects, GWT continues to service over 20 clients in the onshore wind sector, enhancing turbine performance and supporting the renewable energy market, which generates approximately 11% of U.S. electricity.
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