[DOE, 8 January 2019]

The DOE has allotted $25 million in funding for 12 research projects categorized as “next-generation marine energy devices.” These chosen projects are meant to help reduce capital costs and stimulate innovation in the marine energy industry. Marine energy devices “includes ocean wave power, tidal and river/ocean current” devices that can be used to generate electricity. There are three separate subcategories under which these projects can fall under: early stage device design research, controls and power take off design integration and testing, dissemination of environmental data and analyses to facilitate the marine energy regulatory process. The Under Secretary of Energy, Mark Menezes, stated that “these early-stage research and development projects are key to the development of water power as part of DOE’s ‘all-of-the-above’ energy strategy.”