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- Event:Advances in Offshore Marine and Hydrokinetic Energy + (The development of marine and hydrokinetic … The development of marine and hydrokinetic (MHK) energy will help meet local power demands and reduce the Levelized Cost of Energy for coastal communities. In addition to applying lessons learned and standards developed in the offshore oil and gas industry, new tools and technologies are being developed to make MHK energy cost competitive and ensure its place in the worldwide power generation fleet. The session highlights ongoing work in the MHK space to reduce costs and time associated with deploying arrays of MHK devices through lessons learned in offshore oil and gas, technology development, and better understanding of the offshore environment.understanding of the offshore environment.)