H.R. 7722 — Blue Ocean Energy Innovation Act of 2024

This bill provides for the research and development of blue energy technologies, which are technologies that (1) derive or generate energy from renewable energy resources or capture, remove, and sequester greenhouse gases; and (2) are located in aquatic environments. Specifically, the Department of Energy (DOE) must establish and implement the Integrated Blue Economy and Blue Energy Technologies Program to provide funding for research and development of such technologies for purposes such as increasing blue energy technology generation capacity while reducing the cost to produce such energy;improving performance of blue energy technologies;capturing, removing, and sequestering greenhouse ga...