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Seven Innovative Water Power Technologies Selected for Research and Development Funding

DOE announced funding for continuing research and development projects in the SBIR/STTR program, including $8.1 million for seven hydropower and marine energy projects.

Hydropower and Hydrokinetic Office

July 20, 2021
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The U.S. Department of Energy (DOE) announced funding for continuing research and development projects in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program, including $8.1 million for seven hydropower and marine energy projects.

The Water Power Technologies Office (WPTO), within the Office of Energy Efficiency and Renewable Energy (EERE), selected these small businesses—from California, Washington, Utah, Massachusetts, and New York—to advance to Phase II of the SBIR/STTR program based on their progress during Phase I and their potential to accelerate marine energy and hydropower technologies. One of these projects—Fastwatt, LLC—was jointly selected and will be co-funded by WPTO and EERE’s Advanced Manufacturing Office.

The seven selected small business-led projects will each receive Phase II grants ranging from $1.1-1.5 million to explore the technical feasibility of innovative solutions in hydropower and marine energy. These solutions will support DOE and EERE efforts to decarbonize the electricity and maritime transportation sectors.

The seven projects are:

Small businesses play a key role in spurring innovation, creating jobs in the U.S. economy, and taking on the effects of climate change in communities across the country. The SBIR and STTR programs were created by Congress to leverage small businesses to advance innovation at federal agencies. Information on the DOE SBIR and STTR programs is available on the Office of Science SBIR/STTR website.

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