The Ocean Renewable Energy Coalition (OREC) congratulates members of the Coalition on securing Water Power R&D Small Business Innovation Research (SBIR) grants with funding from the Recovery Act and Fiscal Year 2010. The companies secured Phase II Department of Energy (DOE) grants to focus on principal water power R&D, with awards of up to $750,000 over a two-year period.

OREC commends DOE for its demonstrated commitment to graduating water power projects from the R&D stage to commercialization, beginning with the recently announced grants. A full list of DOE Phase II Recovery Act awardees can be found here and, FY 2010 DOE Phase II awardees can be found here.