by Jbs100208 b3 — October 10, 2008—The US Department of Energy (DOE) recently announced that it will invest up to $7.3 million in 14 research projects for advanced water power technologies, including hydropower, wave, tidal, and ocean thermal energy conversion (OTEC), according to a report from the DOE’s Office of Energy Efficiency and Renewable Energy (EERE).
Of these 14 projects, six were chosen to receive funding for technology development projects and six for market acceleration projects. Combined with the cost share from the awardees, up to $18 million may be invested in these projects.
Additionally, up to $2.5 million will be invested over the next 5 years in developing two national marine energy centers: the Northwest National Marine Renewable Energy Center, which will be run by a partnership between Oregon State University and the University of Seattle, and the National Renewable Marine Energy Center in Hawaii. Both facilities will support the development of wave and tidal energy in the US.
