MARINE ENERGY INDUSTRY SETS NEW GOAL OF 1GW OF DEPLOYMENTS BY 2035
Industry releases new report seeking commitment from federal government to accelerate commercialization
With marine energy on the cusp of significant growth, the National Hydropower Association today unveiled new industry deployment targets of 50 MW by 2025, 500 MW by 2030, and 1 GW by 2035. In a new report titled Commercialization Strategy for Marine Energy, the industry calls on the U.S. Federal Government to accelerate commercialization of marine energy technologies (wave, tidal, ocean current, ocean thermal, and riverine) by increasing financial support for research and development, reducing market barriers and creating financial incentives for technology deployment. Read the full article here.