DOE announced an intent to provide nearly $5 million in funding for programs that accelerate the commercialization and adoption of water power systems and solutions.

This funding opportunity announcement (FOA) supports programs that enable entrepreneurship and accelerate water power innovation, business creation, and growth in communities and regions throughout the U.S. Through this FOA, new and/or expanded incubators and accelerators in water power will be able to collaborate with one another and build a stronger water power innovation network in support of accelerating water power technologies to market.

It is anticipated that the FOA may include the following Topic Area: Water Power Incubation and Acceleration

This topic area will fund programs that accelerate the commercialization and adoption of water power systems and solutions through incubation and acceleration programming and services that support entrepreneurs and small businesses in marine energy and/or hydropower. EERE envisions awarding multiple financial assistance awards in the form of cooperative agreements. The estimated period of performance for each award will be approximately 1 to 3 years.

This is a notice of intent only. DOE may issue the described funding opportunity announcement (FOA), may issue a FOA that is significantly different than the described FOA, or may not issue a FOA at all.