Marine Energy Technologies Acceleration Act

The Marine Energy Technologies Acceleration Act would establish a $1 billion Marine Energy Acceleration Fund within the Department of Energy to advance marine energy technologies through competitive grants for demonstration projects, research and development, resource assessments, permitting improvements, and workforce development. The bill prioritizes projects that integrate with existing infrastructure, support rural and Tribal communities, enhance energy resilience, and power scientific research, while requiring coordination with federal agencies, National Marine Energy Centers, and stakeholders to streamline permitting and share data. It affects the Secretary of Energy, federal agencies like FERC and BOEM, coastal and rural communities, Tribal nations, and the marine energy industry by directing funding and setting priorities for technology deployment, environmental monitoring, and job training programs.