Water Power Innovation Network The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) is issuing this $4.8 million funding opportunity announcement (FOA) “Water Power Innovation Network” to support business creation, entrepreneurship, and regional innovation for water power systems and solutions. WPTO enables research, development, and testing of emerging technologies to advance marine energy as well as next-generation hydropower and pumped storage systems for a flexible, reliable grid.
Through this FOA, WPTO seeks to fund new and/or expanded incubator or accelerator programs that enable entrepreneurship and accelerate water power innovation, business creation, and growth in communities and regions throughout the United States.
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. Topic Area 1: 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. Questions regarding the FOA must be submitted to WPTOFOA@ee.doe.gov. To view the entire FOA document, visit the EERE Exchange Website at https://eere-exchange.energy.gov.
2. For-profit entities
3. Nonprofit entities
4. State and local governmental entities and federally recognized Indian Tribes (Indian Tribes)