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On July 31, 2024, the U.S. Division of Vitality’s Water Energy Applied sciences Workplace introduced an intent to supply as much as $112.5 million in funding to advance the industrial readiness of wave vitality applied sciences by means of open water testing and system validation. DOE anticipates opening this funding alternative in or round September 2024.
Wave vitality converters (WECs) harness energy from ocean waves. Wave vitality is plentiful and complementary to different renewable vitality sources, like wind vitality and solar energy. Whereas wave vitality isn’t but extensively deployed throughout the nation, the full accessible wave vitality useful resource in the USA is equal to roughly 34% of all U.S. energy technology. Even when solely a portion of this technical useful resource potential is captured, wave vitality applied sciences would make important contributions to U.S. vitality wants. Marine vitality, together with wave vitality, might energy the U.S. electrical grid and coastal communities. It might present native, reasonably priced, clear vitality to rural and distant island communities, which regularly depend on costly shipments of fossil fuels. Marine vitality applied sciences can even energy offshore work and the blue economic 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 practically two years), and provide further advantages to assist rapidly advance WECs. This contains the flexibility to determine and mature high-potential WEC applied sciences, cut 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 data from EERE relating to this anticipated funding alternative, they need to register within the EERE Program Data Middle (EPIC). Registration directions can be found within the Fast Guides for Trade, 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 totally 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 Vitality Effectivity and Renewable Vitality.
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Courtesy of U.S. DOE.
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