House & Senate Leaders Support US $250M for Ocean Energy

Leadership in both the U.S. House of Representatives and Senate are calling on the Department of Energy (DOE) to allocate US $250 million of the $2.5 billion in stimulus funding for renewable energy research and development to the emerging marine renewable energy industry. The funding would help develop wave, current and tidal energy technologies.

A dozen Senators and an equal number of congressional leaders signed separate House and Senate letters to DOE Secretary Steven Chu requesting the Secretary to provide for “enhanced support” for the the research, development and field demonstration of marine renewable energy technologies.

“Power captured from waves, tides, ocean thermal differentials, algae–based biofuels and offshore wind resources are poised for commercial application in the U.S.” said Sean O’Neill, president of the Ocean Renewable Energy Coalition. “It makes sense to generate power from local resources — resources that have the potential for desalinating salt water into fresh water, as well as producing sustainable, clean electricity. The ocean renewable community salutes the leadership of these elected representatives who have demonstrated a clear vision of our future electric power and fresh water needs” he added.

The Ocean Renewable Energy Coalition has posted the letters from both the U.S. House of Representatives and U.S. Senate are available.

Click here to read the Senate Letter.

Click here to read the House Letter.

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