Congress Provides Boost to Emerging Marine Renewables
By
Stoel Rives LLP
|
January 1, 2008
Originally published December 20, 2007
Seattle, Washington Signed by the President on Wednesday as part of the Energy ndependence and Security Act of 2007 (the "EISAct"), the Marine and Hydrokinetic Renewable Energy Research and Development Act (the "Act") could provide a significant boost to the development of ocean, tidal, and run-of-river energy in the United States. The Act covers "marine and hydrokinetic renewable energy" sources, a term that encompasses wave, tidal, current and ocean thermal energy conversion, as well as electrical energy produced from free-flowing rivers, lakes, streams and man-made channels. Traditional hydropower generated by dams, diversionary structures or impoundments is expressly excluded from the definition of "marine and hydrokinetic renewable energy." The Act authorizes an appropriation of $50 million to the Secretary of Energy for each of the fiscal years from 2008 through 2012 to carry out the following programs:
Although the Act does not address some of the regulatory hurdles faced by segments of the emerging marine and hydrokinetic renewable industry2, if funded, this program does have the potential to provide needed support to this fast-growing field. One of the unique challenges facing the marine and hydrokinetic renewable industry is the lack of information about how these new technologies will affect existing human and ecological uses of the environment within which they will be placed. The Act holds great promise in gathering that information and data, and has the potential to reduce the uncertainty that surrounds this young industry. For more information, contact Ashley Henry, Energy Industry Liaison, 503-294-9506 or ahenry@stoel.com
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