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On July 31, 2024, the U.S. Division of Power’s Water Energy Applied sciences Workplace introduced an intent to supply as much as $112.5 million in funding to advance the business readiness of wave power applied sciences via open water testing and system validation. DOE anticipates opening this funding alternative in or round September 2024.
Wave power converters (WECs) harness energy from ocean waves. Wave power is plentiful and complementary to different renewable power sources, like wind power and solar energy. Whereas wave power shouldn’t be but extensively deployed throughout the nation, the overall accessible wave power useful resource in the US is equal to roughly 34% of all U.S. energy era. Even when solely a portion of this technical useful resource potential is captured, wave power applied sciences would make vital contributions to U.S. power wants. Marine power, together with wave power, might energy the U.S. electrical grid and coastal communities. It might present native, reasonably priced, clear power to rural and distant island communities, which frequently depend on costly shipments of fossil fuels. Marine power applied sciences also can energy offshore work and the blue economic system.
The proposed alternative is designed to cut back dangers for deployments, enhance the potential for business adoption via longer-duration demonstrations (anticipated to final practically two years), and supply further advantages to assist shortly advance WECs. This consists of the power to determine and mature high-potential WEC applied sciences, scale back monetary dangers for builders and incentivize buyers, progress applied sciences at smaller scales whereas growing towards utility scale, and enhance studying for set up, operations, and upkeep.
If candidates want to obtain official notifications and knowledge from EERE concerning this anticipated funding alternative, they need to register within the EERE Program Info Middle (EPIC). Registration directions can be found within the Fast Guides for Business, Academia, Non-Revenue, and Authorities and Particular person candidates in addition to in this video.
It is a discover of intent solely. DOE might situation the described funding alternative announcement (FOA), might situation a FOA that’s considerably completely different than the described FOA, or might not situation a FOA in any respect, contingent on appropriations.
Be taught extra about this discover of intent and different funding alternatives inside DOE’s Workplace of Power Effectivity and Renewable Power.
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Courtesy of U.S. DOE.
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