Tag Archives: support

DOE: $25 Million for Wave Energy

The U.S. Department of Energy (DOE) has announced $25 million in funding to support increased research, development and demonstration of technologies that harness wave power to create electricity. The funding supports eight projects that will make up the first round of open-water testing at the PacWave South test site off the Oregon coast. These awards will strengthen wave energy technologies to accelerate their commercial viability and deploy them at scale to help decarbonize the grid and reach the national goal of net-zero carbon emissions by 2050.   

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Norway Supports Offshore Wind

Wenche Nistad GIEK CEO

State-backed Export Credit Guarantee Agency GIEK hits another milestone as it almost doubles its guarantee tally to the burgeoning sector. GIEK’s mission is to promote Norwegian exports–and it is doing that big time in the offshore wind market in Europe and further afield. Having reached around NOK 4 billion in June, its latest NOK 3.6 billion (GBP 300 million) risk-sharing splash

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