Marine Energy Technologies Acceleration Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Marine Energy Technologies Acceleration Act aims to boost the United States’ competitiveness in marine energy by establishing a dedicated fund and supporting research, development, and demonstration projects. It directs the Department of Energy to conduct solicitations for projects focused on integrating marine energy with existing infrastructure, prioritizing projects that benefit rural and underserved communities, and promoting workforce development. The bill also seeks to streamline permitting processes for marine energy projects and assess the economic potential of marine energy resources across the country.
Key provisions
- Establishes a $1 billion Marine Energy Acceleration Fund.
- Supports at least 20 marine energy demonstration projects focused on grid integration.
- Prioritizes projects that benefit rural, remote, Tribal, and low-income communities.
- Funds research and development to improve marine energy technology efficiency and reduce costs.
- Directs an assessment of marine energy resource potential at 50 sites.
- Aims to improve the efficiency of marine energy project permitting.
- Conducts a national assessment of the marine energy workforce and develops workforce development programs.
- Coordinates with agencies like NOAA, BOEM, and the FERC to streamline permitting.
Who is affected
- Energy Industry
- Federal Agencies (DOE, NOAA, BOEM, FERC, Corps of Engineers)
- State and Local Governments
Bill text
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Sponsors
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5 on record
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