Blog

Six Small Businesses Receive Funding for Marine Energy Research and Development

The Water Power Technologies Office recently selected six innovative marine energy projects for funding through the Small Business Innovation Research and Small Business Technology Transfer program.

Hydropower and Hydrokinetic Office

September 25, 2023
minute read time

The U.S. Department of Energy (DOE) recently announced nearly $6.8 million for six small business-led marine energy projects as part of Phase II of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program. DOE’s Water Power Technologies Office (WPTO) selected these projects, which can drive innovation in marine energy and help achieve the country’s clean energy goals.   

Marine energy refers to power harnessed from waves, tides, ocean and river currents, and even from differences in ocean salt levels, temperatures, and pressure. These resources are abundant, geographically diverse, and complementary to other renewable energy sources.  

The six projects are: 

Topic: Co-Development of Marine Energy Technologies with End-User Partners 

Topic: Technology Solutions for Advancing Ocean Co-Existence and Co-Use with Marine Energy and Communities 

Topic: Co-Development of Marine Energy Technology at Smaller Scales 

Stay in the know with WPTO! Receive the latest information on WPTO funding opportunities, events, and other news by subscribing to the bimonthly Water Column newsletter, as well as the comprehensive, monthly Water Wire newsletter. 

Tags: