Showing posts with label Energy and Water Appropriations Act. Show all posts
Showing posts with label Energy and Water Appropriations Act. Show all posts

July 19, 2016

House Approves Bipartisan Amendment to Advance Wave and Water Technologies under the Energy and Water Appropriations Act

By: Vartan Badalian, Cleantech Law Partners

The United States is in the middle of a transition period away from nonrenewable sources of energy. In order to secure a strong renewable energy economy, a wide diversity of energy sources is a must. One source that has come into recent media attention within the clean energy marketplace is hydropower – specifically, wave energy.

Wave energy is clean energy. It’s sustainable and lucrative and provides a way to produce mass amounts of energy when the technology interacts with ocean waves. The energy that it can yield depends on wave height, speed, length and density. While solar and wind energy have become the mainstream clean energy go-to, thus dropping in price, less can be said about wave energy. However, unlike solar or wind energy, which can potentially become stagnate at certain times throughout the day, wave energy is constant. Ocean waves seemingly never come to a halt. This is what makes it a very interesting sector to increase investments in, and what the recent bipartisan amendment hopes to illustrate.