US Invests Nearly $10 Million to Advance Marine Energy
The U.S. Department of Energy (DOE) has announced nearly $10 million for seven projects that will accelerate development and testing of marine energy technologies. These investments advance research on wave-powered technology for use in seawater desalination and support a feasibility study for a potential ocean current test facility. “Marine energy technologies have incredible potential to provide clean electricity as well as clean water,” said Alejandro Moreno, Acting Assistant Secretary for Energy Efficiency and Renewable Energy.
US Marine Economy Worth $432 Billion in 2021
America’s marine economy contributed $432 billion in economic impact in 2021, making up nearly 2% of the nation’s gross domestic product (GDP).That is according to the most recent statistics from the annual Marine Economy Satellite Account released by two Department of Commerce agencies —NOAA and the Bureau of Economic Analysis (BEA). The marine economy statistics include activities in the US ocean, coasts and major water bodies such as the Great Lakes, Puget Sound and Chesapeake Bay.From 2020 to 2021…
Australia’s Marine Economy Grew Through COVID
The economic output of Australia’s marine industry continued to grow despite the effect of the COVID-19 pandemic restrictions on some sectors, a new report released by the Australian Institute of Marine Science (AIMS) shows. The AIMS Index of Marine Industry 2023 is the latest assessment of the contribution of Australia’s marine sector to the national economy, using data from the 2018-19, 2019-20 and 2020-21 financial years. It reveals that Australia’s marine industry had a total output of A$118.5 billion (US$774 million) and supported 462…
