The U.S. Department of Energy's Golden Field Office is offering a funding opportunity titled "Oceans of Opportunity: U.S. Wave Energy Open Water Testing," aimed at accelerating the design, fabrication, and testing of wave energy converters (WECs). This initiative seeks to support projects across three key areas: distributed energy applications, community energy solutions, and utility energy generation, with a total funding amount of up to $112.5 million over five years. The program emphasizes a stage-gated funding approach, requiring applicants to meet specific milestones and incorporate community feedback to enhance the development of marine energy technologies. Interested applicants must submit concept papers and full applications through the EERE Program Information Center by January 30, 2025, and can reach out to MarineEnergyFOA@ee.doe.gov for further inquiries.