Hydrokinetics Permitting

The U.S. has set a course toward reducing future dependency on non-renewable sources of energy and reducing emissions of greenhouse gases. Title VI Subtitle C §633 of the Energy Independence and Security Act of 2007 began a research and development program focused on technology that produces electricity from waves, tides, currents, and ocean thermal differences. The American Recovery and Reinvestment Act of 2009 provides financial incentives for marine and hydrokinetic projects constructed prior to December 31, 2010 and commencing service prior to January 1, 2014.

In 2008, the Federal Energy Regulatory Commission (FERC) instituted expedited licensing procedures, known as a pilot project license, for hydrokinetic projects under its jurisdiction. The purpose of the pilot project license is to test new hydrokinetic technology devices, determine appropriate sites for projects, gather information on environmental or other effects, and allow a revenue stream from generating during ongoing testing.