Marine Energy Technologies Acceleration Act

This bill establishes a $1 billion Marine Energy Acceleration Fund to advance marine energy technologies like tidal and wave power. It allocates $600 million for 20+ pilot projects that connect to local grids, prioritizing rural, tribal, and low-income communities, while $230 million funds research to cut costs and improve efficiency. The bill also dedicates $50 million to assess 50 coastal sites for energy potential, $85 million for workforce programs near project sites, and $15 million to streamline federal permitting. These provisions directly affect marine energy developers, coastal communities, and federal agencies like the Department of Energy, aiming to accelerate deployment through targeted funding and regulatory support.