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$1 Billion Investment to Accelerate Marine Energy and Create New Jobs.

This law authorizes $1 billion to boost the development of energy derived from oceans, such as waves and tides. The funding will support at least 20 demonstration projects aimed at providing reliable electricity to local and utility grids, prioritizing remote and disadvantaged communities. Furthermore, the act establishes workforce training programs to prepare citizens for new jobs in this growing clean energy sector.
Key points
Establishes a $1 billion fund to accelerate the commercialization of marine energy technologies (waves, tides).
Funds at least 20 demonstration projects to connect ocean energy to community and utility power grids.
Prioritizes energy resilience and economic support for rural, remote, and Tribal communities.
Allocates funds for research, development, and facility upgrades to lower costs and improve technology reliability.
Mandates the creation of workforce development programs and streamlines the government permitting process for new projects.
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Additional Information
Print number: 118_HR_9238
Sponsor: Rep. Barragán, Nanette Diaz [D-CA-44]
Process start date: 2024-08-02
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Marine Energy Technologies Acceleration Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9238.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-08-02.

What are the main provisions?

Key points include:

  • Establishes a $1 billion fund to accelerate the commercialization of marine energy technologies (waves, tides).
  • Funds at least 20 demonstration projects to connect ocean energy to community and utility power grids.
  • Prioritizes energy resilience and economic support for rural, remote, and Tribal communities.
  • Allocates funds for research, development, and facility upgrades to lower costs and improve technology reliability.
  • Mandates the creation of workforce development programs and streamlines the government permitting process for new projects.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Barragán, Nanette Diaz [D-CA-44].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Environment Public Investments Labor