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U.S. Providing $16 Million to Capture Power From Tides and Waves

The U.S. Energy Department is providing $16 million to back 17 projects related to capturing power from waves and tides.

The recipients include Ocean Power Technologies Inc., which is developing a power buoy that produces electricity; ABB Ltd., which is building a compact generator; the University of Maine, which is studying the reactions of marine life to power systems; and Dehlsen Associates LLC, which is designing software to predict wave conditions.