WASHINGTON, D.C. – The U.S. Department of Energy today announced $35 million in funding for 11 projects as part of the Advanced Research Projects Agency-Energy’s (ARPA-E) Submarine Hydrokinetic And Riverine Kilo-megawatt Systems (SHARKS) program. SHARKS teams will develop new economically competitive Hydrokinetic Turbines (HKT) designs for tidal and riverine currents.
For an agency mandated to look to the future – often far into the future – please allow a quick glance into this year so far. Since the beginning of our fiscal year the agency which you know so well has continued to do what it does in extraordinary fashion – raise the bar through the efforts of all. In this time, we have launched new programs, made changes in our recruiting and contracting approaches, had a number of successes in follow-on-funding and employed new approach to how we help tech move to market.
Today, the U.S. Department of Energy announced 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.