This is an excerpt from EERE Network News, a weekly electronic newsletter.

March 19, 2014

Energy Department Announces Funding for MHK Energy Technologies

The Energy Department on March 11 announced $10 million to strengthen the U.S. marine and hydrokinetic (MHK) energy industry, which is working to tap waves and tides as renewable energy sources. Through the two funding opportunities announced, the Energy Department is supporting the design, manufacturing, demonstration, and testing of sustainable marine and hydrokinetic energy devices and components.

The Energy Department will make $6.5 million available to develop the Wave Energy Converter (WEC) Prize, a new competition that challenges individuals, universities, and existing and emerging companies to improve the performance and lower the cost of energy produced by WEC devices. Once launched, the competition will help attract ideas across this emerging industry to demonstrate innovative technologies that produce energy from ocean waves. The funding opportunity seeks an organization to develop and administer the WEC Prize.

The Energy Department will also make $3.5 million available for the development and testing of MHK sensors, instruments, and processing techniques. These funds will support the development of new instruments to measure the environmental impacts of MHK technologies, test and integrate environmental monitoring instrumentation packages, and develop and test sensors and instruments to collect data on the characteristics of waves, including their height, period, direction, and steepness. The data will allow WECs to more accurately assess approaching waves and more efficiently harness their energy. See the Energy Department news release and funding opportunity announcements.

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