A Funding Opportunity Announcement (FOA) for the advancement of marine and hydrokinetic technology was announced by the U.S. Department of Energy today. The FOA, entitled "Marine and Hydrokinetic Technology Readiness Advancement Initiative," will solicit applications for projects to advance the development of technologies that generate renewable electricity from waves, currents, tides, free-flowing rivers, and the ocean's thermal energy. Technologies at various levels of development will be evaluated based on metrics and guidelines established by DOE, and funding will be competitively awarded to a variety of projects. For more details, please view the Notice of Intent on the FedConnect Web site.

Siemens, has invested in Marine Current Turbines Ltd, it was announced today (25th February). This latest investment in MCT brings the total investment in company, over the past two months, to £8.5million.

Lord Hunt, Minister of State for the UK Department of Energy and Climate Change welcomed the new £4.8million funding round saying "Our seas are a fantastic asset that can generate clean, green and home-grown power that will boost our transition to a low carbon economy. I’m pleased that more investors are coming forward to back Marine Current Turbines as they seek to harness the UK’s excellent tidal resources."