The Department of Energy announced August 29 that it would provide $16 million for 17 tidal and wave energy projects in an effort to increase tidal power production and improve reliability. Assistant Secretary for Energy Efficiency and Renewable Energy David Danielson said that tidal energy remains a largely untapped source, and the agency has said that wave and tidal energy have the potential to power up to 119 million homes nationwide. $13.5 million will go to eight projects dedicated to developing more efficient wave and tidal generators while $2.4 million will support nine projects researching environmental impacts of tidal power and potential development areas.
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DOE invests $16 million in wave and tidal energy
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