Stevens Institute of Technology, along with the University of Michigan and Texas A&M-Corpus Christi, have been approved to be founding partners for a new Industry-University Cooperative Research Center (IUCRC) by the National Science Foundation (NSF). The IUCRC aims to develop marine energy resources, working closely with industry partners to develop and patent innovations involving wind, wave, and tidal power. The overarching goal of this new initiative is to harness the power of a “blue” economy, which is often overlooked due to the technological, sociological, economic, and environmental barriers that hold back the growth of marine energy.