Common use of Agreement Goals Clause in Contracts

Agreement Goals. The goals of this Agreement are to: • Advance the development of Recipient’s on-site manufacturing technology and 3DCP tall (> 120m height) tower that lowers wind energy costs, reduces environmental lifecycle impacts, and improves the competitiveness and economic benefits of wind energy in California. • Assess and reduce the environmental lifecycle impacts of 3DCP manufacturing • Evaluate and expand California’s R&D and commercial 3DCP capabilities and workforce potential needed to manufacture 3DCP wind energy components in California Ratepayer Benefits:2 This Agreement will result in the ratepayer benefits of greater electricity reliability, lower costs, and increased safety by manufacturing and conducting a pilot demonstration of low-cost RCAM tall (>120m in height) towers and offshore wind products on-site in California. The project will help provide important environmental and economic benefits for California electric ratepayers including (1) clean energy from land-based and offshore wind deployments, (2) wind energy manufacturing and operations jobs, (3) enhanced 3DCP educational and R&D capabilities, and (4) advancing a low-cost offshore wind components. Technological Advancement and Breakthroughs:3 This Agreement will lead to technological advancement and breakthroughs to overcome barriers to the achievement of the State of California’s statutory energy goals by advancing the technology readiness of Recipient’s 3DCP tower technology. The agreement also assesses the feasibility and viability of using 3DCP to manufacture two components for offshore floating wind turbines: a 3DCP suction anchor (3DSA) and a 3DCP hybrid anchor / energy storage system (three-dimensional (3D) StEnSea).