The US Department of Energy is offering $4 million to research universities to accelerate marine and hydrokinetic (MHK) energy development in the United States. The funding will support projects designed to enable the capture of renewable wave and tidal energy.
A consortium of universities will receive funding to optimize operations, reduce maintenance costs and improve the components and performance of MHK systems over three years.
In related news, Carnegie Wave Energy is deploying three large wave energy buoys off the western coast of Australia, which will feed energy into the Australian grid, reports The Guardian. The project has received $13.1 million from the Australian Renewable Energy Agency (ARENA).
Earlier this year, the DOE announced $10 million in funding for MHK energy projects.
Photo: Wave via Shutterstock