US Forged Rings (USFR) has announced a $700 million investment in servicing the offshore wind industry through construction of a tower fabrication facility and steel forging plant.
Designed to be expandable, the tower fabrication facility once operational is expected to produce 100 fully coated towers annually. The steel forging facility will produce large flanges up to 40 feet in diameter and will also produce forged components required in other heavy industries.
“This substantial investment serving U.S. offshore wind was spurred by our confidence in the medium and long-term prospects of the U.S. market, which is in its early phases of development and needs a local supply chain to rely on,” says Giacomo Sozzi, USFR president.
“These facilities will enable U.S. developers and OEMs to have predictable costs and a reliable supply of vital components. Equally important, the investment will result in direct environmental benefits including the reduction of significant pollution emitted by otherwise shipping these huge components from overseas.”
The company is in the final stages of evaluating East Coast locations. Once permits and regulatory approvals are secured, construction of the facilities is expected to take up to 20 months, with first towers set to begin production in 2026.
USFR maintains strategic supply chain partnerships with Nucor as well as Ellwood Quality Steels.