Home > Features and Commentary > In brief > Experts appointed to Marine Energy Deployment Fund
The four panellists include:
The fund was set up through the Energy Efficiency and Conservation Authority (EECA) to bring forward the development of marine energy in New Zealand, by supporting the deployment of generating devices.
The fund provides grants to deploy devices in the New Zealand marine environment to provide information and practical experience.
“This country has enormous potential to create renewable electricity generation from its oceans,” Energy and Resources Minister Gerry Brownlee Brownlee said.
“Bringing on the development of our marine energy industry opens up a number of possibilities for the wider energy sector. Technological advances are being made continually and it’s to our advantage to stay at the forefront of these as we explore the potential of the country’s waters.”
Two rounds of funding have been completed so far, with third-round funding recipients due to be announced by July 2010.
The first Marine Energy Deployment Fund grant of $1.85 million was awarded to Crest Energy for a tidal stream generator project at the entrance to Kaipara Harbour.
In the second round of funding, $760,000 was awarded to the WET-NZ project put forward by Power Projects Ltd and Industrial Research Ltd.
16 December 2009
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