US Wind
US Wind is a Baltimore-based private offshore wind developer building utility-scale projects on an 80,000-acre federal lease off Maryland. It sells power through state-approved OREC contracts to regulated utilities and operates a vertically integrated monopile manufacturing subsidiary at Sparrows Point.
- Company typePrivate
- Founded2011
- HeadquartersBaltimore, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What US Wind does
US Wind is a Baltimore-based private offshore wind energy development company that develops, permits, and will construct utility-scale offshore wind farms on an 80,000-acre federal BOEM lease area off the Maryland coast acquired in 2014. The company is majority-owned by Renexia SpA (a subsidiary of Italian infrastructure firm Toto Holding SpA) with Apollo Global Management holding a significant equity stake through a $265 million convertible debt and equity commitment executed in August 2020. Its product portfolio centers on two contracted offshore wind projects — MarWin (approximately 300 MW, approved 2017) and Momentum Wind (808 MW, approved 2021) — with a January 2025 Maryland Public Service Commission OREC Order expanding its contracted build-out to approximately 1,710 MW, sized to power more than 600,000 homes.
The company generates revenue through long-term (20–25 year) Offshore Renewable Energy Credit (OREC) contracts awarded by state Public Service Commissions and sold to regulated utilities such as Delmarva Power and Light. To secure project economics and control its supply chain, US Wind is building a vertically integrated manufacturing footprint at the former Bethlehem Steel site in Sparrows Point, Baltimore County, through wholly-owned Sparrows Point Steel — managed in partnership with Haizea Wind Group and supported by a landmark United Steelworkers agreement — which will produce monopile foundations, transition pieces, and towers. Complementary assets include a planned Operations & Maintenance facility at West Ocean City Harbor and a planned subsea cable manufacturing facility in Baltimore City with Hellenic Cables.
US Wind's go-to-market is fundamentally regulatory and government-relations driven rather than commercial: securing federal BOEM lease rights, NEPA environmental review, state OREC awards, and grid interconnection permits under multi-year sales cycles mediated by Public Service Commissions. The company is currently pre-revenue at the operational level — no commercial generation has begun — with all major federal permits received in late 2024 and the expanded 1,710 MW state OREC award secured in January 2025, positioning the business at the threshold of the construction phase.
US Wind firmographics
Firmographics- Name
- US Wind
- Legal name
- US Wind Inc.
- Website
- https://uswindinc.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- US Wind is a Baltimore-based private offshore wind developer building utility-scale projects on an 80,000-acre federal lease off Maryland. It sells power through state-approved OREC contracts to regulated utilities and operates a vertically integrated monopile manufacturing subsidiary at Sparrows Point.
- Ownership category
- akta.pro rank
US Wind industry classification
Industry- Product category
- Offshore Wind Energy
- NAICS
- Wind Electric Power Generation (221115)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB)
- akta.pro secondary industries
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Wind Blades, Towers & Foundations Manufacturing (EUAMACAD), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)
Keywords
Where US Wind is headquartered
LocationHeadquarters
- HQ city
- Baltimore
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
US Wind business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- Offshore Renewable Energy Credits (ORECs): US Wind sells Offshore Renewable Energy Credits to Maryland utilities under 20-25 year contracts awarded by the Maryland Public Service Commission. The company was awarded 808.5 MW for Momentum Wind and approximately 300 MW for MarWin, with additional capacity proposed in subsequent OREC rounds.
- Steel Component Manufacturing: Sparrows Point Steel manufactures monopile foundations, transition pieces, and towers for offshore wind projects, serving both US Wind's own projects and the broader US offshore wind market.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
US Wind product offering
Product offeringCore offering
US Wind develops, builds, and operates offshore wind energy projects off the coast of Maryland, selling power through Offshore Renewable Energy Credits (ORECs) to regulated utilities under 20-25 year contracts approved by state Public Service Commissions. The company also manufactures monopile foundations, transition pieces, and towers at the Sparrows Point Steel facility in Baltimore County for both its own projects and the broader U.S. offshore wind market.
Product overview
US Wind is Maryland's leader in offshore wind development, operating a portfolio of offshore wind projects across the Delmarva peninsula. The company's product portfolio centers on two primary offshore wind projects: MarWin (approximately 300 MW, Maryland's first approved offshore wind project) and Momentum Wind (approximately 808 MW), which together with future development phases can deliver up to 1,710 MW of clean energy. These projects are supported by Sparrows Point Steel, Maryland's first permanent offshore wind manufacturing facility producing monopile foundations, towers, and transition pieces. The company also operates an Operations and Maintenance facility in West Ocean City Harbor and provides fisheries liaison services to support stakeholder engagement. US Wind is owned by funds managed by Apollo Global Management and Renexia SpA (a subsidiary of Toto Holding SpA).
Differentiator
Problem solved
Functional benefit
Brands
- MarWin: First phase offshore wind facility delivering approximately 300 MW of clean, renewable electricity to Maryland with up to 22 turbines located more than 20 miles from shore.
- Momentum Wind
- Sparrows Point Steel
Products and services
- MarWin US Wind's first offshore wind project delivering approximately 300 MW of clean, renewable electricity through up to 22 turbines located more than 20 miles off the Maryland coast. Power is sold to Maryland utilities under 20-25 year OREC contracts.
- Momentum Wind An 808 MW offshore wind project located in federal waters off the coast of Maryland, designed to deliver clean energy to over 250,000 Maryland homes and to facilitate investment in a new monopile fabrication factory at Sparrows Point.
- Maryland Offshore Wind Project The full build-out of US Wind's federal lease area, including up to 114 wind turbines and 4 offshore substations, with the potential to generate up to 2 GW of offshore wind power to serve more than 600,000 homes in the Delmarva region.
- Sparrows Point Steel Maryland's first permanent offshore wind manufacturing facility at the former site of Bethlehem Steel in Baltimore County, producing monopile foundations (up to 39 feet in diameter and 400 feet in length, up to 5,500,000 pounds each), transition pieces, and towers for US Wind's projects and the broader U.S. offshore wind market.
- Operations and Maintenance Facility (West Ocean City) Operations and Maintenance facility located in West Ocean City Harbor to plan and coordinate wind turbine and offshore substation maintenance, including wind farm monitoring, maintenance planning, crew support, and warehousing services for US Wind's offshore wind projects.
Quantifiable outcome
- Powers over 600,000 homes with clean energy
- +4 more outcomes
Companies that use US Wind
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
US Wind technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
US Wind partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered minor and core.
- Maryland Department of Natural ResourcesminorMOU for $20 million fishing community support including $13.5 million for Maryland Fishing Community Resilience Fund, harbor maintenance, and gear development.
- Delaware Department of Natural Resources and Environmental ControlminorMOU for Multi-Use Fishing Community Resilience Fund providing funding for fishing-related research and community support.
- University of Delaware / Delaware State University (Project ABLE)minor$1.3 million collaboration for decommissioning metocean buoy using Autonomous Underwater Vehicle technology and advancing Blue Economy workforce development.
- Haizea Wind GroupcoreLong-term partnership to manage and operate Sparrows Point Steel manufacturing facility. Haizea brings expertise in designing, building, and operating manufacturing facilities for monopile foundations and towers for offshore wind farms globally.
- Tradepoint AtlanticcorePort facility agreement for 90 waterfront acres at Sparrows Point to develop offshore wind deployment hub with $77 million initial investment via MarWin project.
- United SteelworkerscoreLandmark agreement with United Steelworkers union to support operations at Sparrows Point Steel, bringing steel manufacturing back to the historic Bethlehem Steel site with family-sustaining jobs.
- Baltimore-D.C. Building Trades and IBEW Locals 126 & 313coreLabor agreements with major regional labor organizations for construction of offshore wind projects, ensuring skilled union labor for project development.
- Sea Risk SolutionsminorFisheries liaison partnership with Wolfgang Rain and Ron Larsen to engage with fishermen in Maryland and greater Delmarva region, ensuring ongoing dialogue and coordination.
- University of Maryland Center for Environmental Scienceminor$11 million funding over ten years for three research projects on potential effects of offshore wind development on marine mammals, fish, and birds.
- Local Conservation GroupsminorPartnerships with three local nonprofit conservation organizations serving inland and coastal bays in Delaware and Maryland.
- Hellenic CablesminorPartnership for development of Maryland's first offshore wind cable manufacturing facility in Baltimore City.
Scale indicators15 records
Recent moves8 records
Expansion highlights7 records
US Wind competitors and assessment
Company assessmentOthers
- Haizea Wind Group: Haizea Wind Group is a global manufacturer of offshore wind monopiles and towers and is US Wind's manufacturing partner at Sparrows Point Steel. It is an adjacent infrastructure provider and is also a potential future supplier/customer relationship, making it an ecosystem peer rather than a direct competitor.
- Siemens Gamesa (Siemens Energy): Siemens Gamesa is a major offshore wind turbine OEM and is the expected turbine supplier for several US offshore wind projects including adjacent East Coast developments. It is an adjacent infrastructure provider and ecosystem participant rather than a developer competitor.
- EEW AOS: EEW AOS is one of the world's largest producers of large-diameter monopile foundations for offshore wind and is US Wind's direct competitor in the monopile supply market. US Wind's VP of U.S. Content previously led offshore wind business development at EEW AOS.
Direct peers
- Coastal Virginia Offshore Wind (Dominion Energy): Dominion's Coastal Virginia Offshore Wind project is the only operational utility-scale offshore wind farm in US federal waters, located directly south of US Wind's lease area. It is a direct regional peer with the same monopile technology, same supply chain, and adjacent grid interconnection.
- Mayflower Wind: Mayflower Wind (Shell + EDP Renewables) was awarded a Massachusetts offshore wind contract and is a direct offshore wind development peer. Although the project has paused, it remains a competitor for the same East Coast offtake and supply chain.
- Avangrid Renewables (Iberdrola): Avangrid (Iberdrola subsidiary) is developing Vineyard Wind 1 and Park City Offshore Wind in Massachusetts and Connecticut. It is a direct offshore wind development peer with similar fixed-bottom monopile projects and state-utility offtake structures.
- Equinor Renewables US: Equinor is developing Empire Wind 1 and 2 in New York and Beacon Wind. It is a direct offshore wind peer using monopile foundations, contracting via state solicitations, and competing for the same US East Coast pipeline as US Wind.
- Ørsted US Offshore Wind: Ørsted is the global offshore wind leader and the largest US offshore wind developer (Revolution Wind, Ocean Wind 1). It is the most directly comparable peer to US Wind, and US Wind's CEO Grybowski was previously Co-CEO of Ørsted US Offshore Wind.
Broad incumbents
- Invenergy: Invenergy is a large US independent power developer with a multi-technology renewables portfolio and is developing offshore wind projects (e.g., leading Vineyard Wind 1's transmission). It is a broad incumbent in US renewable development rather than a pure-play offshore wind specialist.
Emerging players
- Attentive Energy (TotalEnergies): Attentive Energy is a TotalEnergies-led consortium that won a New York Bight offshore wind lease auction. It is an emerging US offshore wind developer competing for the same regulatory and supply chain resources as US Wind, but at an earlier stage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
US Wind social profiles
Digital presenceUS Wind financial estimates
Financial estimateRevenue estimate
Valuation estimate
US Wind leadership team
Management profileNumber of profiles
Profiles16 records
US Wind subsidiaries and ownership
Company hierarchySubsidiaries1 record
US Wind funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
US Wind M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about US Wind
What does US Wind do?
US Wind develops, builds, and operates offshore wind energy projects off the coast of Maryland, selling power through Offshore Renewable Energy Credits (ORECs) to regulated utilities under 20-25 year contracts approved by state Public Service Commissions. The company also manufactures monopile foundations, transition pieces, and towers at the Sparrows Point Steel facility in Baltimore County for both its own projects and the broader U.S. offshore wind market.
Is US Wind a public or private company?
US Wind is a private company. It is classified as private equity controlled and is currently operating.
When was US Wind founded?
US Wind was founded in 2011. It employs 11 to 50 people.
Where is US Wind based?
US Wind is headquartered in Baltimore, United States, in the North America region.
How does US Wind make money?
Two revenue lines are on record. Offshore Renewable Energy Credits (ORECs) is the primary driver. The others are steel Component Manufacturing.
Who are US Wind's main competitors?
Others on record are Haizea Wind Group, Siemens Gamesa (Siemens Energy) and EEW AOS. Direct peers are Coastal Virginia Offshore Wind (Dominion Energy), Mayflower Wind, Avangrid Renewables (Iberdrola), Equinor Renewables US and Ørsted US Offshore Wind. Invenergy is listed as a broad incumbent. Attentive Energy (TotalEnergies) is listed as an emerging player.
Does US Wind have an API?
No public API is recorded for US Wind.
What industry is US Wind in?
US Wind's product category is Offshore Wind Energy. Its primary akta.pro industry code is EUACAFAB, Offshore Wind Power Generation (Fixed-Bottom), with a secondary code of EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations). Its NAICS code is 221115 and its SIC code is 1623.