Powering the Blue Economy: Exploring Opportunities for Marine Renewable Energy in Maritime Markets

To spur economic growth and revitalize the ocean the U.S. Department of Energy's (DOE's) Water Power Technologies Office (WPTO) launched the Powering the Blue Economy™ (PBE) initiative, which aims to foster long-term, sustainable growth of the blue economy by: (1) Protecting the ocean and understanding and leveraging its immense power; (2) Learning the power needs of emerging coastal and maritime markets; (3) Advancing marine renewable energy technologies. Remote and island communities, areas hit hard by natural disasters, and ocean researchers can also benefit from renewable energy found in the ocean.