US Awards $12 Mln for Wave Energy Projects
Up to $12 million has been awarded by the U.S. Energy Department for four West Coast projects that will aim to develop new technologies for harnessing marine and hydrokinetic (MHK) energy from the nation's oceans and rivers as a means to generate reliable and cost-effective electricity. Two of the projects will test and validate wave energy converter (WEC) prototypes in open water, demonstrating wave energy's potential to compete with other forms of energy in the longer term, while the other two projects will address early-stage MHK technology development challenges. “Rese
New US Wave Energy Test Facility
A new wave energy testing facility will be built off the Oregon coast, aiming to support the development of innovations and technologies capable of harnessing the significant wave energy resources along U.S. coastlines. Up to $40 million has been awarded by the U.S. Energy Department for the design, permit and construct of the open-water, grid-connected national wave energy test site in Newport, Oregon. The new Pacific Marine Energy Center South Energy Test Site will be constructed by the Northwest National Marine Renewable Energy Center at Oregon State University with a combination
US Awards $20 Mln for Wave and Tidal Energy Projects
The U.S. Energy Department announced 10 organizations have been selected to receive more than $20 million in funding for new research, development and demonstration projects that advance and monitor marine and hydrokinetic (MHK) energy systems, which generate electricity from ocean waves and tidal currents. These projects will aim to improve the performance of MHK systems and advance environmental monitoring technologies that will help protect wildlife and reduce uncertainty regarding potential environmental impacts. The projects will contribute to the development of a commercially
US Deploys Three Offshore Wind Energy Projects
As a part of the Obama Administration’s all-of-the-above energy strategy, the U.S. Energy Department today announced the selection of three pioneering offshore wind demonstrations to receive up to $47 million each over the next four years to deploy innovative, grid-connected systems in federal and state waters by 2017. These projects – located off the coast of New Jersey, Oregon and Virginia – will help speed the deployment of more efficient offshore wind power technologies. Building on the Energy Department’s broader efforts to launch a competitive and sustainable offshore
US: $4B in Loan Aid for Renewable Energy
The U.S. Energy Department on Wednesday unveiled a plan for up to $4 billion in loan aid for renewable energy companies to help rejuvenate a program that faced harsh political attacks over past failures of federally subsidized projects. The Obama administration's draft plan would provide loan guarantees for innovative projects that limit or avoid greenhouse gas emissions. It will specifically focus on advanced electric grid technology and storage, biofuels for conventional vehicles, energy from waste products and energy efficiency. "We're back in business," Peter Davidson, executive
February 2024
