In May 2021, the U.S. Department of the Interior’s (DOI) Bureau of Safety and Environmental Enforcement and the U.S. Department of Energy (DOE) launched a world-class research and development program. OESI 2.0 expands the scope of OESI offshore oil and gas development R&D to include renewable energy R&D through a collaborative initiative involving government, industry, academia, and other experts. DOE and DOI are sponsoring $40 million of this $52 million program in partnership with a consortium under a 5-year agreement. The consortium includes 16 universities in 10 states, several national laboratories and more than 20 stakeholders representing conventional and renewable energy. This panel will discuss the strengths and benefits of this public-private partnership in unleashing the potential synergy of offshore energy and demonstrate the potential for increasing safety and reducing the carbon footprint and the efficiency of offshore oil and gas, wind, and marine energy. The government, industry, academia, and other consortium members will present their viewpoints.