Marine Energy Updates and Funding Outlook in Washington DC
Stay informed about the latest developments in marine energy, including updates from the Ocean Renewable Energy Conference and funding information for DOE Marine Energy in FY 2024 and FY 2025. Learn about new federal bills, regulatory improvement efforts, and key stakeholders supporting marine energy initiatives.
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Marine Energy DC Update Marine Energy DC Update Ocean Renewable Energy Conference Ocean Renewable Energy Conference May 2024 Paul Gay Paul Gay Vice President paul@strategicmi.com (202) 683-2359 200 MASSACHUSETTS AVE NW, SUITE 510, WASHINGTON, DC 20001 STRATEGICMI.COM
DC Update DOE Marine Energy FY 2024 Funding DOE Marine Energy FY 2024 Funding Congress earlier this year finalized the FY 2024 appropriations bills, including for Energy and Water Development. President Biden had requested to cut marine energy funding by 13% in the FY 2024 budget request to Congress, from $120M (FY 2023) to $105M (FY 2024). Thankfully, after months of hard work, Congress rejected those proposed cuts and instead provided $141M, the highest funding level ever for marine energy since the program was initiated in FY 2008. Also, favorable directive report language was included related to private- sector led RDD&D efforts, cost share waiver, TEAMER, operations support for the marine energy centers, and foundational research. DOE Marine Energy FY 2025 Funding DOE Marine Energy FY 2025 Funding The annual process to fund the federal government for the next fiscal year is now underway. The current fiscal year ends on September 30. The FY 2025 Energy and Water Development bill will be considered by the Appropriations Committee in the House of Representatives in late June. Unfortunately, President Biden proposed a 20% cut to Water Power in the FY 2025 budget request to Congress, with marine energy reduced from $141M (FY 2024) to $112M (FY 2025). We are working to allow the WPTO to utilize stage-gated awards funded over multiple years with a focus on more mature systems nearing market adoption or to advance, improve, or complete ongoing testing and validation awards. We are also working to allow the new Office of Clean Energy Demonstrations to invest in marine energy technology deployments. U.S. Navy Energy Program FY 2024/2025 Funding U.S. Navy Energy Program FY 2024/2025 Funding $23M was included in the FY 2024 Defense Appropriations bill for the Navy Energy Program which is helpful to the wave energy sector. We are supporting a $35M request for Marine Energy Systems for Sensors and Microgrids in FY 2025. New Federal Marine Energy Bill New Federal Marine Energy Bill Legislation is being drafted by Rep. Nanette Barrag n, a Democrat on the House Energy and Commerce Committee who represents the 44th Congressional District of California. The bill would authorize $1B in federal funding focusing on technology RDD&D and demonstrations along with refined location specific resource assessments, improvement of permitting, and workforce development efforts. Regulatory Improvement Legislation Regulatory Improvement Legislation Efforts continue in Congress to negotiate bipartisan reforms to the hydropower federal regulatory process. Some Senators are exploring how the marine energy sector could benefit from these legislative efforts. Legislation focused on marine energy regulatory issues has been drafted but not introduced in either the House or Senate. P. 2 STRATEGICMI.COM
FY 2025 House Water Power Letter Signers First Congressional Letter Sent in FY 2013 First Congressional Letter Sent in FY 2013 KEY: Representative/State/District/Years Signed Rick Larsen Washington 2 (11) Washington 2 (11) Summer Lee Pennsylvania 12 NEW Pennsylvania 12 NEW Seth Magaziner Rhode Island 2 (2) Rhode Island 2 (2) Doris Matsui California 6 (4) California 6 (4) Morgan McGarvey Kentucky 3 (2) Jim McGovern Massachusetts 2 (7) Massachusetts 2 (7) Jared Moskowitz Florida 23 (2) Kevin Mullin California 15 NEW California 15 NEW Jimmy Panetta California 20 (6) California 20 (6) Chellie Pingree Maine 1 Maine 1 (10) Stacey E. Plaskett Virgin Islands AL (2) Hillary J. Scholten Michigan 03 (2) Bobby Scott Virginia 3 (5) Virginia 3 (5) David Scott Georgia 13 NEW Georgia 13 NEW Terri A. Sewell Alabama 7 (8) Alabama 7 (8) Adam Smith Washington 9 (6) Washington 9 (6) Mark Takano California 41 (9) California 41 (9) Jill Tokuda Hawaii 02 (2) Hawaii 02 (2) Past Past Supporters Not Signing Supporters Not Signing FY 2025 Sean Casten Illinois 6 Illinois 6 (FY 2021 Sheila Cherfilus-McCormick Florida 20 (FY 2024) Joe Courtney Connecticut 2 (FY 2023 Connecticut 2 (FY 2023- -2024) Diana DeGette Colorado 1 (FY 2019 Colorado 1 (FY 2019- -2024) Jared Golden Maine 2 Maine 2 (FY 2024) (FY 2024) Jerry McNerney California 9 (FY 2019 California 9 (FY 2019- -2023) Rep. Chris Pappas New Hampshire 1 New Hampshire 1 (FY 2023 Darren Soto Florida 9 Florida 9 (FY 2018 (FY 2018- -2023) Marilyn Strickland Washington 10 (FY 2023) Washington 10 (FY 2023) Paul Tonko New York 20 (FY 2020 New York 20 (FY 2020- -2024) Nydia Velazquez New York 07 (FY 2024) New York 07 (FY 2024) FY 2025 (FY 2021- -2023) Florida 20 (FY 2024) 2023) Nancy Barragan California 44 NEW Donald Beyer Jr. Virginia 8 (9) Earl Blumenauer Oregon 3 (13) Suzanne Bonamici Oregon 1 (13) Jamaal Bowman New York 16 (4) Salud O. Carbajal California 24 (8) Steve Cohen Tennessee 9 (9) Tennessee 9 (9) Jim Costa California 16 (9) California 16 (9) Angie Craig Minnesota 2 (6) Minnesota 2 (6) Sharice Davids Kansas 3 (2) Kansas 3 (2) Mark DeSaulnier California 11 (9) Val Hoyle Oregon 4 (2) Oregon 4 (2) Pramila Jayapal Washington 7 (3) Washington 7 (3) Bill Keating Massachusetts 9 (4) Massachusetts 9 (4) Ann Kuster New Hampshire 2 (3) New Hampshire 2 (3) California 44 NEW Virginia 8 (9) Oregon 3 (13) Oregon 1 (13) New York 16 (4) California 24 (8) 2024) 2024) Kentucky 3 (2) Florida 23 (2) 2023) (FY 2023- -2024) 2023) 2024) (10) Virgin Islands AL (2) Michigan 03 (2) 2024) California 11 (9) Total FY 2025 Signers Total FY 2025 Signers Republicans Republicans Democrats Democrats Record is 4 Record is 45 signers in FY 2019 & FY 2021 5 signers in FY 2019 & FY 2021 33 33 0 0 33 33 P. 4 STRATEGICMI.COM
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