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The Marine Energy Technologies Acceleration Act establishes a $1 billion Marine Energy Technologies Acceleration Fund to accelerate the commercialization of marine energy technologies, including wave, tidal, and other ocean-based renewable energy systems. The bill authorizes funding for at least twenty marine energy demonstration projects, research and development activities, assessment of marine energy resource potential at fifty sites, workforce development programs, and a federal task force to streamline permitting processes for marine energy projects. The legislation prioritizes projects serving rural, remote, disadvantaged, and Tribal communities, and emphasizes coordination among federal agencies, universities, and the marine energy industry.
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