Utility scale wind turbines have become so technologically advanced that they have improved the cost of energy (COE) of wind enough to compete with today’s conventional energy sources. The ensuing reduction in COE has been the result of two governing forces: public policy and technological innovation. The technological trends which have emerged thus far and what might be in store for the future direction of wind turbine technology are explored here. Policy and governmental R&D support will continue to be essential, and barriers to wind technology commercialization must be further broken down.