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August 6, 2015
The Energy Department today announced four entities selected to receive $7.4 million to spur innovation of next-generation water power component technologies, designed for manufacturability and built specifically for marine and hydrokinetic (MHK) systems. The projects will address technical challenges in three areas: advanced controls, crosscutting power take-off (PTO)—which converts mechanical motion into electrical power—and innovative structures. Waves, tides, and ocean currents represent a largely untapped renewable energy resource that could provide clean, affordable energy to U.S. homes and businesses across the country. Advancements in MHK technologies will help these devices effectively and sustainably harness increased amounts of renewable energy from marine environments.
Through this funding opportunity, the selected projects will help improve the performance and reduce the cost of MHK technologies. Research and development supported by this funding will advance the market-readiness of MHK systems through the continued development and use of innovative components for wave and tidal energy devices.
The full list of selected marine and hydrokinetic system performance advancement projects follows:
The Office of Energy Efficiency and Renewable Energy accelerates development and deployment of energy efficiency and renewable energy technologies and market-based solutions that strengthen U.S. energy security, environmental quality, and economic vitality. Go to water.energy.gov to learn more about the Water Power Program’s efforts to develop innovative technologies capable of generating renewable, environmentally friendly, cost-competitive electricity from water resources. Learn more about how MHK systems work by viewing our Energy 101: Marine and Hydrokinetic Energy video.