The Ocean Renewable Energy Coalition (OREC) today applauded Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM) and Ranking Member Lisa Murkowski (R-AK) for including provisions contained in the Marine Renewable Energy Promotion Act (S.923) in the American Clean Energy Leadership Act of 2009 being crafted by the committee. The legislation is an important step in the continued development of marine and hydrokinetic energy sources.
“OREC strongly endorses the legislation adopted in the Senate Energy and Natural Resources Committee today,” said Sean O’Neill, OREC’s President. “Marine-based renewable resources offer vast energy, economic, and environmental benefits. However, the success of this industry requires additional federal support for research, development and demonstration. The Senate action moves our nation closer to a clean energy future.”
The Marine Renewable Energy Promotion Act will authorize $250 million per year through 2021 for marine renewable research, development, demonstration & deployment (RDD&D), a Department of Energy sponsored Device Verification Program, and an Adaptive Management Program to fund environmental studies associated with installed ocean renewable energy projects.
“The United States is falling behind in the race to capture the rich energy potential of our oceans,” said Mr. O’Neill. “This legislation is an important step towards enhancing our competitive position and significantly advancing the role renewable energy technologies can play in strengthening our economy and providing good green jobs across the country.”
As Congress continues to debate energy legislation, the Ocean Renewable Energy Coalition will work closely with its supporters in the House and Senate to secure passage of the Marine Renewable Energy Promotion Act and lobby for additional funding for marine renewable technologies.