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On July 31, 2024, the U.S. Division of Power’s Water Energy Applied sciences Workplace introduced an intent to offer 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 ample and complementary to different renewable vitality sources, like wind vitality and solar energy. Whereas wave vitality is just not but broadly deployed throughout the nation, the full out there wave vitality 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 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, inexpensive, clear vitality to rural and distant island communities, which frequently depend on costly shipments of fossil fuels. Marine vitality applied sciences may also energy offshore work and the blue financial system.
The proposed alternative is designed to cut back dangers for deployments, enhance the potential for industrial adoption by means of longer-duration demonstrations (anticipated to final practically two years), and supply further advantages to assist shortly advance WECs. This contains the power to determine and mature high-potential WEC applied sciences, cut back monetary dangers for builders and incentivize traders, 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 Data Heart (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.
This can be a discover of intent solely. DOE could challenge the described funding alternative announcement (FOA), could challenge a FOA that’s considerably totally different than the described FOA, or could not challenge a FOA in any respect, contingent on appropriations.
Study extra about this discover of intent and different funding alternatives inside DOE’s Workplace of Power Effectivity and Renewable Power.
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Further Data
Courtesy of U.S. DOE.
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