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Department of Energy Awards $37 Million for Marine and Hydrokinetic Energy Technology Development

September 9, 2010

U.S. Department of Energy (DOE) Secretary Steven Chu today announced selections for more than $37 million in funding to accelerate the technological and commercial readiness of emerging marine and hydrokinetic (MHK) technologies, which seek to generate renewable electricity from the nation's oceans and free-flowing rivers and streams. The 27 projects range from concept studies and component design research to prototype development and in-water device testing. This unprecedented level of funding will advance the ability of marine and hydrokinetic energy technologies to contribute to the nation's electricity supply.

"This funding represents the largest single investment of federal funding to date in the development of marine and hydrokinetic energy technologies," said Secretary Chu. "These innovative projects will help grow water power's contribution to America's clean energy economy."

The nation's ocean waves, tides, currents, thermal gradients, and free-flowing rivers represent a promising energy source located close to centers of electricity demand. DOE is working with industry, universities, national laboratories, and other groups to develop technologies capable of harnessing these resources to generate environmentally sustainable, cost-competitive power. The Department will leverage private sector investments in marine and hydrokinetic energy technologies by providing cost-shared funding to industry and industry-led partnerships.

Some of the projects selected today include:

A full list of projects is available on this PDF. Please visit the DOE Wind and Water Power Program Web site for more information on how DOE is advancing marine and hydrokinetic energy technologies.

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Content Last Updated: 09/21/2011