NEWS COMMENTARY

U.S. Department of Energy to invest up to $26.1 million in hydropower and marine energy

Published:
April 02, 2019
Coverage:
Owning the Energy Transition More...
Activities:
Investment More...
by Patricia Seoane da Silva
Average importance

With this investment, the U.S. Department of Energy (DOE) aims to boost the marine and hydrokinetics (MHK) industry while increasing the use of hydropower as a flexible grid resource. For this purpose, the DOE has identified the following areas of interest: quantitative evaluation of hydropower capabilities, development of advanced hydropower systems, and upgrade of testing resources for marine energy prototypes. Although the use of hydropower can compensate for intermittencies in the grid, clients should regard this and previous investments from the DOE in marine energy as a minor milestone for the sector. This technology still struggles with commercialization and should continue to be seen as a long shot. 

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