What company will go out of business, and how many individuals will lose their jobs because funds earmarked for a specific project are abruptly reallocated?
In 2003, UEK Corp had obtained funding and all necessary permits for a project in the Yukon River at Eagle, Alaska. (See Department of the Army permit, number 1-2002 0658.) The executive branch stepped in and reallocated those earmarked funds, placed them back into the general fund, and earmarked them for oil, gas and coal only.
This action destroyed a startup company with world-class technology in the green energy sector. UEK underwater turbine patented technology is world-class and with funding help could bring thousands of new jobs to Delaware.
Since water is 800 times more powerful than wind, millions of sites worldwide could generate clean electric. There are over 10,000 outflows from cooling towers and multiple river and inlet sites in America, the previous president of Zambia, Gordon Hanna, pointed out 56 sites, and the number of other potential sites worldwide are enormous.
The R&D conducted by UEK show that underwater turbines can generate electric at one-third the cost of wind turbines. The Indian River Inlet has a 6.5-knot flow; the grid above the bridge is capable of accepting 50 Mws plus or minus at any said time, Old Dominion is willing to buy all energy produced at this site, and the inlet is capable of creating up to 300 Mws of power without harm to fishing, fish, turtles or diving birds. With the help of Duffield Associates and Miller Metal, UEK technology can be salvaged and brought into production for the benefit of Delaware and the world.
This would be a good start to the Democrats’ Green New Deal.
David O. Rickards
Frankford
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