University of Hawaii Gets $1.25 Million to Study Wave Energy

…The agency selected 14 research teams to receive as much as $7.3 million -representing a cost-shared value of more than $18 million – for projects to “advance commercial viability, cost-competitiveness, and market acceptance of new technologies that can harness renewable energy from oceans and rivers.” It’s part of the federal Advanced Energy Initiative designed to dramatically boost clean-energy research funding to develop cleaner, reliable alternative energy sources that cost less. The Energy Independence and Security Act (EISA) signed into law in December 2007 authorizes DOE to establish a program of research, development, demonstration, and commercial application to expand marine and hydrokinetic renewable energy production.

“Wave, tidal, and current-driven hydro power is an important clean, natural, and domestic energy source that will promote energy security, and reduce greenhouse gas emissions,” John Mizroch, acting assistant secretary of energy efficiency and renewable energy, noted in announcing the selections…

Two awards of up to $1.25 million in annual funding, renewable for up to five years, went to establishing marine energy centers…One went to the University of Hawaii in Honolulu for the National Renewable Marine Energy Center…

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