Marine Renewable Energy Legislation Introduced in Senate
August 2, 2013
Ocean Renewable Energy Coalition: August 1, 2013—Today, Senators Ron Wyden (D-OR) and Lisa Murkowski (R-AK), Chairman and Ranking Member of the Committee on Energy and Natural Resources, respectively, together introduced the Marine and Hydrokinetic Renewable Energy Act of 2013 (S. 1419). This legislation is an important step in the continued development of our nation’s marine and hydrokinetic resources (MHK) and the emergence of a new renewable energy industry.
MHK technologies generate electricity from predictable and forecastable waves, tidal flows, ocean currents, thermal gradients and in-stream sources. The United States has significant marine energy resources and a cost-effective MHK industry could provide a substantial amount of clean, renewable energy for the nation, while creating thousands of high paying jobs. The Department Of Energy is currently developing an aggressive strategy to support its vision of producing at least fifteen percent of our nation’s electricity from all forms of water power by 2030.
The Wyden/Murkowski legislation will advance the research and development of MHK technologies, while also providing regulatory relief for small-scale demonstration projects. The bill will support a viable path for MHK technology commercialization that capitalizes on an abundant, carbon-free resource. The research, development and regulatory provisions provided in this bill will help position the United States as a leader in this emerging industry. The legislation will also accelerate job growth and stimulate additional private investment in this sector.
“The Ocean Renewable Energy Coalition (OREC) strongly supports the Marine and Hydrokinetic Renewable Energy Act and is pleased that Senators Wyden and Murkowski were able to provide the bipartisan leadership for this effort,” said Sean O’Neill, OREC’s President. “The funding authorized in this measure, along with its regulatory efficiencies, demonstrates America’s intention to capture the emission free, predictable, and sustainable power in our oceans and free moving water currents,” said O’Neill. “The Wyden/Murkowski bill sends a clear message across the MHK supply chain that the federal government’s commitment to advance the technology and move it into the market is strong, serious and sustained.”