US unveils USD-38m finance programme for hydrokinetic turbine design

Author: Matt Berlin. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

April 13 (Renewables Now) - The US Department of Energy (DOE) last week announced up to USD 38 million (EUR 35m) in financing for a new programme with the goal to design economically attractive hydrokinetic turbines (HKT) for tidal and riverine currents.

The programme, funded by the Advanced Research Projects Agency-Energy (ARPA-E), is known as Submarine Hydrokinetic And Riverine Kilo-megawatt Systems (SHARKS). It will encourage developers to pursue an up to 61.5% reduction in Levelised Cost of Energy (LCOE) compared to existing state-of-the-art HKT systems.

SHARKS will finance the development of new HKT designs applying methodologies such as Control Co-Design (CCD), Co-Design (CD) and Designing-for-OpEx (DFO), which would require expertise from various scientific and engineering fields.

Examples include the development of new solutions for hydrodynamics, mechanical structures, materials, hydro-structural interactions, electrical energy conversion systems, control systems, numerical simulations and experimental validations.

(USD 1.0 = EUR 0.914)

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