The East of England is becoming a leader in offshore renewable energy, with over £10 billion predicted to be invested in offshore wind farms alone. It has over 40 years of offshore experience and contributes 25% of the UK's renewable energy R&D spending. Orbis Energy, located near major ports, houses over 30 offshore renewable companies and works with universities and industry on innovations like wave energy devices and floating offshore wind turbines. The region has numerous research institutions and industry networks focused on advancing offshore renewable technologies.