1. Short title This Act may be cited as the Blue Ocean Energy Innovation Act of 2024 . 2. Integrated blue economy and blue energy technologies program (a) In general The Secretary of Energy shall establish and carry out a program, to be known as the Integrated Blue Economy and Blue Energy Technologies Program , under which the Secretary of Energy shall provide funding for research and development of blue energy technologies for purposes of— (1) decarbonizing activities that contribute to the blue economy, including— (A) improving port and other maritime transportation infrastructure; (B) producing algae for use as a biofuel, and for other applications; and (C) operating ocean- and water-based tourism industries; (2) increasing blue energy technology generation capacity while reducing the cost to produce such energy; (3) improving performance of blue energy technologies; (4) capturing, removing, and sequestering greenhouse gases, including carbon dioxide and methane; (5) developing new blue energy technology market opportunities; (6) promoting job creation in the blue economy and blue energy technology sectors; (7) supporting the development of a skilled, diverse, and inclusive blue economy workforce; (8) remediating and improving coastal and aquatic ecosystems; (9) addressing technical and development challenges that are unique to operating in marine and freshwater environments, including by— (A) developing tools, sensors, and models to advance scientific understanding of metocean, geotechnical, geophysical, and biological conditions in marine and freshwater environments applicable to blue energy technologies; (B) advancing social science related to community and industry engagement to inform future development; (C) conducting feasibility analyses for energy storage and microgrid deployments; (D) planning for power transmission and distribution; (E) advancing technologies for anchoring and mooring systems; (F) addressing challenges of integrating with the bulk-power system, especially in deep water environments