Bill > HR5692

This bill establishes the Marine Energy Technologies Acceleration Act, which aims to boost the United States' competitiveness in marine energy technologies through several key initiatives. The bill creates a Marine Energy Acceleration Fund with $1 billion in authorized appropriations, which will support multiple programs including at least 20 marine energy demonstration projects that can export power to various types of electrical grids. The Secretary of Energy will conduct competitive solicitations for these projects, prioritizing those that integrate marine energy technologies with existing infrastructure, support energy resilience in rural and Tribal communities, and facilitate ocean-based research and workforce development. The bill also includes provisions for research and development to advance marine energy technologies, with a focus on improving efficiency, reducing costs, and mitigating environmental impacts. Additionally, the legislation mandates a comprehensive assessment of marine energy potential at 50 sites across the United States, calls for improving the permitting process for marine energy projects through a multi-agency task force, and establishes workforce development programs to support the emerging marine energy industry. The funds will be allocated across different aspects of marine energy development, including demonstration projects, technology research, site assessments, permitting improvements, and workforce training.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/5692/all-info