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On July 31, 2024, the U.S. Division of Vitality’s Water Energy Applied sciences Workplace introduced an intent to provide up to $112.5 million in funding to advance the industrial readiness of wave power applied sciences by means of 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 just isn’t but extensively deployed throughout the nation, the whole accessible wave power useful resource in the USA is equal to approximately 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, may energy the U.S. electrical grid and coastal communities. It may present native, inexpensive, clear power to rural and distant island communities, which frequently depend on costly shipments of fossil fuels. Marine power applied sciences may energy offshore work and the blue financial system.
The proposed alternative is designed to cut back dangers for deployments, improve the potential for industrial adoption by means of longer-duration demonstrations (anticipated to final almost two years), and provide extra advantages to assist rapidly advance WECs. This consists of the flexibility 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 creating towards utility scale, and improve 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 Information Center (EPIC). Registration directions can be found within the Fast Guides for Industry, Academia, Non-Profit, and Government and Individual candidates in addition to in this video.
This can be a discover of intent solely. DOE could difficulty the described funding alternative announcement (FOA), could difficulty a FOA that’s considerably totally different than the described FOA, or could not difficulty a FOA in any respect, contingent on appropriations.
Study extra about this discover of intent and other funding opportunities inside DOE’s Workplace of Vitality Effectivity and Renewable Vitality.
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Courtesy of U.S. DOE.
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