WASHINGTON, D.C. – Today, the U.S. Department of Energy (DOE) announced selections for up to $24.9 million in funding to drive innovative, industry-led technology solutions to advance the marine and hydrokinetics industry and increase hydropower's ability to serve as a flexible grid resource. Innovative water power technologies have the potential to increase the affordability of hydropower and marine energy. Selected projects will also strengthen U.S. manufacturing competitiveness and build on department-wide initiatives to improve the capability of technologies to deliver value to the grid.
Projects were selected across four Areas of Interest (AOI)—Hydropower Operational Flexibility, Low-Head Hydropower and In-Stream Hydrokinetic Technologies, Advancing Wave Energy Device Design, and Marine Energy Centers Research Infrastructure Upgrades.
"Hydropower is a valuable national resource and these technologies will make it an even more competitive clean energy option to invest in the Blue Economy," said Under Secretary of Energy Mark W. Menezes. "These awards are another example of this Administration reaffirming its commitment to an 'all-of-the-above' energy policy to the benefit of the entire nation."
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