Marine Renewables Finally Get PTC (10/08)
In September 2008, Congress passed a $700 billion financial bailout package, which included the Energy Improvement and Extension Act of 2008 , (H.R. 1424) signed into law by President Bush on October 3, 2008. Of significance to marine renewables, the legislation included a production tax credit (PTC) of 1.0 cent/kwh for marine renewable projects that [...]
DOE Selects Projects for $7.3 Million in Funding (Sept. 08)
Back in September, DOE announced the 14 winners of a solicitation for Advanced Water Power Projects. More than half of the winners are either OREC members, or like, EPRI, have assisted OREC with identifying research priorities and analyzing technical policies. The DOE Press Release and list of winners follows after the jump.
Marine BioFuels Get Funding From EU
There’s a relatively new marine renewable technology on the scene – marine biofuels – and the European Union has invested close to 6 million euros to research their feasibility, reports Enviroireland.com (Jan. 7, 2009). From the article: The Institutes of Technology in Dundalk and Sligo will work with Queens University Belfast, the University of Ulster [...]
New Massachusetts RPS Includes Ocean Energy
Massachusetts has announced new rules for its Renewable Portfolio Standard (RPS), reports Renewable Energy World (January 7, 2009). Under the new regulations, marine and hydrokinetic energy technologies are now eligible under RPS Class I, which means that they may be used to meet renewable purchase obligations. Massachusetts’ new RPS is good news for wave energy [...]
NOAA Appointee From Oregon State, Home of the Wave
The National Oceanic and Atmosperic Administration (NOAA) plays an important role in the permitting process for wave and hydrokinetic projects. Interestingly, Jane Lubchenco, professor of marine biology and zoology, who’s been named by President-elect Obama to head NOAA as reported here, hails from Oregon State University, a pioneer in the study and development of wave [...]
