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. 

For the original news article, click here .


Further Reading

Asian Development Bank to provide $300 million to Indonesian geothermal projects with goal of post-COVID-19 economic recovery

News Commentary | June 22, 2020

After announcing in 2019 it would invest nearly $1 billion in sustainable energy projects across APAC by 2021, ADB approved a loan of $300 million to state‑owned Geo Dipa Energi (GDE) to add 110 MW of geothermal power on Java. Indonesia has a geothermal potential of 29 GW and the second largest ... Not part of subscription

Spain investing $8 billion to make its buildings more energy-efficient

News Commentary | August 30, 2021

As part of an $80 billion recovery plan from an EU grant, the investment will enable better insulation, photovoltaic panels, and heat pumps for homes while also renovating government buildings and constructing new government‑funded housing. The investment will reactivate Spain's COVID‑19 economy, ... Not part of subscription

Senate nixes Green New Deal, prohibits China materials purchasing, but funds $100 billion for grid upgrade

News Commentary | September 13, 2021

Although it is only about half of the $2.25 trillion Biden asked for, the $1 trillion U.S. infrastructure bill the Senate passed in August 2021 provides significant provisions for utilities, including direct payments from the federal government for producing clean electricity, broadly defined as ... Not part of subscription