Offshore Energy
  • Fossil Energy
  • Subsea
  • Alternative Fuels
  • Hydrogen
  • Marine Energy
  • More news
JobsNewsletter
Offshore Energy logo

Your trusted source for global offshore energy news, part of the Navingo network.

Topics
  • Fossil Energy
  • Subsea
  • Alternative Fuels
  • Hydrogen
  • Marine Energy
Network
  • Offshore Energy
  • Offshore Wind
  • NavalToday
  • Dredging Today
Company
  • Advertising
  • Newsletter
  • Jobs
  • Report your news
  • Privacy

© 2026 Navingo. All rights reserved.

Home›Marine Energy›US sets up $38M funding for hydrokinetic turbine buildout
Marine Energy

April 10, 2020 · about 6 years ago

US sets up $38M funding for hydrokinetic turbine buildout

The US Department of Energy has dedicated up to $38 million in funding for a new Advanced Research Projects Agency-Energy (ARPA-E) program, submarine hydrokinetic and riverine kilo-megawatt systems (SHARKS). The program seeks to design economically attractive hydrokinetic turbines (HKT) for tidal an

2 minutes read
  • LinkedIn
  • X
  • Email
Mark W. Menezes
Under Secretary of Energy Mark W. Menezes

The US Department of Energy has dedicated up to $38 million in funding for a new Advanced Research Projects Agency-Energy (ARPA-E) program, submarine hydrokinetic and riverine kilo-megawatt systems (SHARKS).

The program seeks to design economically attractive hydrokinetic turbines (HKT) for tidal and riverine currents.

“ America’s tidal and riverine currents remain a valuable resource for the generation of clean and reliable electricity ,” said under secretary of energy Mark W. Menezes . “Developing efficient, economically attractive hydrokinetic turbine technologies will enable the United States to utilize those resources and continue to diversify our energy generation infrastructure and increase grid resiliency.”

“The SHARKS program builds upon the foundation of previous ARPA-E programs focused on utilizing our nation’s natural resources to explore new ways to generate renewable power ,” said ARPA-E director Lane Genatowski . “We view this program as a great opportunity to further diversify America’s energy needs, and provide new and efficient energy generation sources for the nation’s grid.”

The SHARKS program will develop HKT system designs while encouraging the application of control co-design, co-design and designing-for-opEx methodologies.

These approaches require a wide range of disciplines to work concurrently during the concept design stage, as opposed to sequentially, and teams will require expertise from various scientific and engineering fields to optimize simultaneously, DOE explains.

SHARKS will fund the development of new HKT designs that represent this challenge; including the development of new solutions for hydrodynamics, mechanical structures, materials, hydro-structural interactions, electrical energy conversion systems, control systems, numerical simulations and experimental validations.

The projects will work towards a reduction in levelised cost of energy (LCOE) of up to 61.5 per cent compared to current state-of-the-art HKT systems.

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Filed under

Marine EnergyTidal & Wave EnergyAuthorities & Government

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1Petrobras strikes another oil-bearing zone in Equatorial Margin frontier
  2. 2MidOcean gets hold of $4 billion in major capital raise to fuel global LNG push
  3. 3BP taking the wheel of Namibian license trio as farm-in deal clear final regulatory gate
  4. 4DOF gets ‘large’ booking for its vessel to undertake undisclosed subsea campaign

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free