Stirfry192 sends this excerpt from an article discussing the Obama Administration's funding of renewable energy projects that are experimenting with hydrokinetics
"Currently, the Department of Energy has a mandate to spend $50 million a year on backing such research. For its part, the Federal Energy Regulatory Commission has approved 72 permits for pilot projects over the past two years , according to its records. Ocean Renewable Energy Power Company, LLC , which has plans to build the largest ocean-based system in the U.S., is one of the companies that has won such funding. ... Virtually all hydrokinetic turbines resemble giant manual lawnmowers, a design patented by Alexander Gorlov of Northeastern University in 2001. [CEO Chris Sauer] calls what his company uses an 'advance cross-flow' model, and he says each of his 150 kilowatt units could power 50 to 75 homes. ... The company plans to install one of its 150 kilowatt turbines this year, and four next year, anchoring them near the floor of the bay, and progressively build out to 3.2 megawatts by 2014. The system would tie into Bangor Hydro Electric Co. grid."