House Appropriations Committee Approves $50 Million for FY 2012 Water Power Program
MHK to receive $25 million for research, development and demonstration
June 16, 2011 - The House Committee on Appropriations approved the Fiscal Year (FY) 2012 Energy and Water appropriations bill on June 15. The Ocean Renewable Energy Coalition commends the Committee for its efforts to expand marine and hydrokinetic research, development and deployment by approving a total of $50 million for the Energy Efficiency and Renewable Energy (EERE) Water Power program. The allocation marks a $20 million increase above FY 2011 and is $11.5 million above the budget request. The language designates $25 million for marine and hydrokinetic research, development and demonstration and $25 million for conventional hydropower research and development.
“The Ocean Renewable Energy Coalition salutes the action by the House Appropriations Committee to recognize the importance of supporting the United States’ domestic MHK industry,” stated Sean O’Neill, OREC’s President. “Funding above the budget request will allow our members to continue with their efforts to develop, test, and deploy the most advanced water-based generation technologies to harness clean energy from our nation’s rivers and oceans. Ten percent of current U.S. electricity consumption can be met with MHK technologies, and we look forward to working with Congress to help our members achieve that goal.”
The FY 2012 Energy and Water appropriations bill will be sent to the House floor for a vote after July 4. For the text of the legislation approved by the Committee, please click here. For the report of this legislation, please click here.
OREC will continue to work with Congress to seek passage of an appropriations bill that supports MHK technologies to the greatest extent possible and will keep you informed as events develop.
About the Ocean Renewable Energy Coalition
The Ocean Renewable Energy Coalition (OREC) is the only national trade association exclusively dedicated to promoting marine and hydrokinetic renewable energy technologies from clean, renewable ocean resources. Founded in April of 2005, the Coalition has grown to over 60 members including technology developers, consultants, law firms, investor-owned utilities, publicly owned utilities, universities, and scientific and engineering firms. The coalition is working with industry leaders, academic scholars, and other interested NGO's to encourage ocean renewable technologies and raise awareness of their vast potential to help secure an affordable, reliable, environmentally friendly energy future.
OREC seeks a legislative and regulatory regime in the U.S. that fosters the growth of ocean renewable technologies, their commercial development, and support in the race to capture the rich energy potential of our oceans. While other countries have already deployed viable, operating, power generating projects using the emission-free power of ocean waves, currents, and tidal forces, the U.S. is only beginning to acknowledge the importance of these technologies.
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