Hydrokinetic Energy

Hydrokinetic technologies produce renewable electricity by harnessing the kinetic energy of a body of water, the energy that results from its motion. Since water is 832 times denser than air, our tides, waves, ocean currents, and free-flowing rivers represent an untapped, powerful, highly-concentrated and clean energy resource.
Estimates suggest that the amount of energy that could feasibly be captured from U.S. waves, tides and river currents is enough to power over 67 million homes. Based on current project proposals, experts predict that the country could be producing 13,000 MW of power from hydrokinetic energy by 2025. This level of development is equivalent to displacing 22 new dirty coal-fired power plants avoiding the annual emission of nearly 86 million metric tons of carbon dioxide, as well as other harmful pollutants like mercury and particulate matter. The avoided carbon emissions in 2025 would be equivalent to taking 15.6 million cars off the road.
Last year, the Minerals Revenue Management department of the Mineral Management Service reported $9.9 billion in royalties from all mineral exploitation. Of that, MRM collected $5.8 billion for all federal offshore drilling of oil and gas.
Lets ask President Obama to begin using some of our billions of dollars worth of off shore oil royalties to stimulate this growing industry.

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