The Department of Energy (DOE) announced yesterday that it intends to issue a Funding Opportunity Announcement (FOA) to facilitate the development of marine and hydrokinetic technology. The "Marine and Hydrokinetic Technology Readiness Advancement Initiative" will competitively award funds to develop technologies that generate renewable electricity from waves, currents, tides, rivers, and the ocean's thermal energy. DOE anticipates the FOA will be posted no later than March 31, 2010.