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Department of Energy Allocating $27 Million to Ocean Wave Energy Technology

Kimberly Redmond | Equities.com |

The US Department of Energy (DOE) is allocating $27 million in federal funding for the research and development of projects focused on converting energy more efficiently from waves into carbon-free electricity.

In a press release, the DOE said the resources are intended to “advance wave energy technologies toward commercial viability” and support the Biden Administration’s clean energy goal of net-zero emissions by 2050.


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