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Wave and Tidal Power Market May see a Big Move | Wello Oy, Eco Wave Power, Naval Group

Wave and Tidal Power Market May see a Big Move | Wello Oy, Eco Wave Power, Naval Group
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A Whole New Renewable Energy Resource Lurks Below The Surface

December 14, 2020 Renewable energy has been enduring its share of slings and arrows here in the US, but it looks like sunny skies are ahead once President-Elect Joe Biden takes office on January 20. He won’t have to start from scratch, either. For reasons best known only to itself, the US Department of Energy has been cutting loose with a firehose of clean power projects and programs of late, and among them is a new $35 million round of funding for hydrokinetic technology. Underwater renewable energy systems are ready for their place in the sun, thanks to $35 million in grants for hydrokinetic energy R&D.

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