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Funding includes $45M for projects to meet coastal community power needs
The US government’s Water Power Technologies Office (WPTO) has announced a US$112M funding call for the demonstration of wave energy technologies.
The funding is to be spread-out over five years and will offer funding for projects under three topic areas including US$16.875m to wave device development and open water testing for dispersed use and power-at-sea applications.
There will be also US$45m for wave device development supporting coastal community needs (may include power and/or desalination).
Finally, US$50.625m is up for grabs for wave device development in support of utility power, using offshore, grid connected testing facilities such as PacWave, the wave energy test centre in Oregon.
Up to 17 projects are set to receive funding, with awards ranging from $2.4m and $25.3m.
To be considered for full application, first concept submissions must be made by 25 October 2024.
It is hoped that this investment will allow the US to develop a diversified pipeline of wave energy projects, and quickly accelerate deployments in US waters.
Rémi Gruet, Ocean Energy Europe’s chief executive, said: "This reflects the growing momentum for ocean energy in the US.
"The government rightly identified the huge potential of wave energy as part of its energy transition, and is offering a clear path to boost deployments within the next 5 years.
"This adds to recent technological and financial milestones achieved by wave developers in Europe and will contribute to further accelerating the industrialisation of the industry across the globe." |
