The U.S. Department of Energy (DOE) announced nearly $16.7 million for 25 small business-led hydropower and marine energy projects through Phase I and Phase II of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program. DOE's Water Power Technologies Office (WPTO) selected these projects, which can help to accelerate the growth of water power innovation and technology.
These projects 10 focused on hydropower and 15 focused on marine energy will help advance hydropower and marine energy technologies, which capture energy from the movement and flow of water. These technologies are predictable, reliable, and well-suited to help balance an electricity grid with higher levels of variable renewable energy like wind energy and solar power, helping to power communities across the country.
Phase I projects represent initial funding awards, while Phase II projects involve continued research and development efforts from Phase I.
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