The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WTPO) has issued a notice of intent for a $14.5 million funding opportunity to support marine energy research at U.S. institutions of higher education, including minority-serving institutions.
The funding opportunity is expected to be released in fall 2023 in partnership with DOE’s Wind Energy Technologies Office (WETO).
Foundational research is critical to advancing novel and new technologies like marine energy and floating offshore wind, DOE said.
While marine energy is not yet widely deployed across the country, the total available marine energy resource in the United States is equivalent to approximately 57% of all U.S. power generation in 2019.
On the other hand, floating offshore wind has 2.8 terawatts of potential power, which if fully developed would equate to more than double the current U.S. electricity consumption.
Floating offshore wind has 2.8 terawatts of potential power , which if fully developed would equate to more than double the current U.S. electricity consumption.
The proposed opportunity is expected to fund projects through four topic areas focused on: