With marine energy on the cusp of significant growth, the National Hydropower Association of America unveiled new industry deployment targets of 50 MW by 2025, 500 MW by 2030, and 1 GW by 2035. In a new report titled Commercialization Strategy for Marine Energy, the industry calls on the U.S. Federal Government to accelerate commercialization of marine energy technologies (wave, tidal, ocean current, ocean thermal, and riverine) by increasing financial support for research and development, reducing market barriers and creating financial incentives for technology deployment.
Marine energy could be the missing link for meeting our nation s clean energy goals and decarbonizing our electricity grid, which is why, as an industry, we are setting the bold and achievable deployment target of 1 GW by 2035, said Malcolm Woolf, NHA President and CEO.