President Increases Ocean Renewable Funding.
$40 Million sought for Clean Sustainable Ocean Renewables.
Washington, DC—President Obama’s FY’2011 Budget proposal includes $40.5 million in funding for marine and hydrokinetic renewable energy—an increase of $10.5 million over the $30 million proposed by the President in FY’2010. The 40.5 million budget request includes marine and hydrokinetic (MHK) system testing, MHK device and component design and development, as well as some feasibility studies for capacity and efficiency upgrades at conventional and non-powered dams.
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