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US DOE Awards $37 Million for Marine and Hydrokinetic Energy Technology Development

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The US Department of Energy (DOE) has selected 27 projects for more than $37 million in funding to accelerate the technological and commercial readiness of emerging marine and hydrokinetic (MHK) technologies, which seek to generate renewable electricity from oceans and free-flowing rivers and streams. DOE Funding: $240,000.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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The legislation would also provide new incentives for domestic oil and gas drilling, nuclear power plant construction, carbon capture and storage, and renewable energy sources like wind and solar. Factors Determining Abatement Costs. Graham recently declared, “ Economy-wide cap-and-trade is dead. ”

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