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NOAA By the Numbers Topics

Ocean Energy and Mining

The ocean is an important source of mineral and hydrocarbon energy resources. There are active efforts underway in the U.S. and globally to develop ocean-based renewable energy and exploit deep seabed minerals. NOAA’s expertise is essential as we search the ocean for new sources of energy. Our fleet of research ships and innovative underwater exploration vehicles enhance NOAA’s ocean research and exploration initiatives.

NOAA's Role

Why It Matters:

Ocean mining and minerals
  • In 2023, offshore mining was the second largest contributor to overall growth of the marine economy, just behind coastal and offshore tourism and recreation. Offshore mining generated $96.0 billion in gross output (revenue) and created $62.9 billion in value added  or gross domestic product (GDP) activity. Oil and gas extraction accounted for $60.0 billion of the value added, and sand and gravel extraction accounted for $2.4 billion. – U.S. Bureau of Economic Analysis. (2025). “Marine Economy Satellite Account, 2023”. https://www.bea.gov/data/special-topics/marine-economy
  • In 2023, coastal power generation plants generated $18.2 billion in gross output (revenue) and created $11.9 billion in value added (GDP) activity. – U.S. Bureau of Economic Analysis. (2025). “Marine Economy Satellite Account, 2023”. https://www.bea.gov/data/special-topics/marine-economy