Marine Energy Technologies Acceleration Act | ChamberLight
Bills · HR 5692
IN COMMITTEE· 119TH CONGRESS
House BillHR 5692Energy
Marine Energy Technologies Acceleration Act
INTRO OCT 6· LAST ACTION OCT 6
READING
7MIN
COSPONSORS
3
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-written
Voters should care about this bill because it aims to tap into a new source of clean energy, potentially reducing reliance on fossil fuels and lowering carbon emissions. If successful, it could help diversify the nation's energy supply, making the power grid more reliable and less vulnerable to disruptions, especially in remote or island communities. The bill could also create new jobs in manufacturing, research, and project development, fostering economic growth in coastal regions and establishing the U.S. as a leader in an emerging global energy sector.
If this bill becomes law, it would significantly accelerate the progress of marine energy, moving it from research labs to real-world applications and potentially bringing down costs. If it doesn't pass, the development of marine energy technologies in the U.S. would likely continue at a slower pace, potentially leaving the nation behind in a potentially lucrative and environmentally beneficial energy market, and missing opportunities for enhanced energy independence and job creation.
KEY PROVISIONS
5AI-extracted
PROVISION 01
Establishes the Marine Energy Acceleration Fund and authorizes $1 billion in funding.
This provides a dedicated and substantial financial resource to kickstart and sustain marine energy development efforts.
PROVISION 02
Directs the Secretary of Energy to fund at least 20 marine energy demonstration projects.
These projects will prove the viability of marine energy technologies on a larger scale, connecting them to actual power grids.
PROVISION 03
Requires competitive solicitations for research, development, and facility upgrades for marine energy technologies.
This aims to improve the efficiency, lower the cost, and increase the reliability of marine energy systems through innovation and better infrastructure.
PROVISION 04
Mandates an assessment of the economic potential of marine energy at not fewer than 50 sites across the U.S.
This will provide crucial data on where marine energy projects are most feasible and environmentally sound, guiding future development.
PROVISION 05
Convenes a multi-agency task force to identify and recommend ways to improve the permitting process for marine energy projects.
Streamlining regulations could significantly reduce delays and costs for deploying new marine energy facilities.
Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Energy and Commerce, Natural Resources, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Voters should care about this bill because it aims to tap into a new source of clean energy, potentially reducing reliance on fossil fuels and lowering carbon emissions. If successful, it could help diversify the nation's energy supply, making the power grid more reliable and less vulnerable to disruptions, especially in remote or island communities. The bill could also create new jobs in manufacturing, research, and project development, fostering economic growth in coastal regions and establishing the U.S. as a leader in an emerging global energy sector.
If this bill becomes law, it would significantly accelerate the progress of marine energy, moving it from research labs to real-world applications and potentially bringing down costs. If it doesn't pass, the development of marine energy technologies in the U.S. would likely continue at a slower pace, potentially leaving the nation behind in a potentially lucrative and environmentally beneficial energy market, and missing opportunities for enhanced energy independence and job creation.
KEY PROVISIONS
AI-extracted
high
Establishes the Marine Energy Acceleration Fund and authorizes $1 billion in funding.
This provides a dedicated and substantial financial resource to kickstart and sustain marine energy development efforts.
high
Directs the Secretary of Energy to fund at least 20 marine energy demonstration projects.
These projects will prove the viability of marine energy technologies on a larger scale, connecting them to actual power grids.
med
Requires competitive solicitations for research, development, and facility upgrades for marine energy technologies.
This aims to improve the efficiency, lower the cost, and increase the reliability of marine energy systems through innovation and better infrastructure.
med
Mandates an assessment of the economic potential of marine energy at not fewer than 50 sites across the U.S.
This will provide crucial data on where marine energy projects are most feasible and environmentally sound, guiding future development.
high
Convenes a multi-agency task force to identify and recommend ways to improve the permitting process for marine energy projects.
Streamlining regulations could significantly reduce delays and costs for deploying new marine energy facilities.
Marine Energy Education Activities (via National Marine Energy Centers)
discretionary
from Fund
$50,000,000
Assessment of Technical Resource Potential
discretionary
from Fund
GLOSSARY
AI-written
Marine energy
Electricity generated from the movement of ocean water, such as waves, tides, and currents, or from differences in ocean temperature or salinity.
Microgrid
A small-scale power grid that can operate independently or connected to a larger main grid, supplying electricity to a localized area.
National Marine Energy Centers
Specialized research and development facilities or networks focused on advancing marine energy technologies, often supported by federal funding.
Demonstration projects
Real-world projects that showcase a new technology's practical application and performance at a larger scale, typically after initial research and development.
Competitive solicitations
A process where a government agency asks for proposals from various organizations or businesses to undertake specific projects or research, and then selects the best ones based on set criteria.
Technology readiness levels
A measurement system used to assess the maturity of a particular technology, ranging from basic research (low TRL) to commercial deployment (high TRL).
Permitting process
ACTION TIMELINE
2 EVENTS
OCT 6, 25
Introduced in House
INTROREFERRAL
OCT 6, 25
Referred to the Committee on Science, Space, and Technology, and in addition to the Committees on Energy and Commerce, Natural Resources, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The series of steps and approvals required from government agencies (local, state, and federal) before a project, such as an energy facility, can be built and operated.
