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News Breaks
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August 4, 2010
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| 06:01 EDT |  | OPTT |
| theflyonthewall.com: | Ocean Power signs historic stakeholder agreement for Oregon Energy project | | Ocean Power Technologies announces that it has signed a groundbreaking Settlement Agreement, or SA with 11 federal and state agencies and three non-governmental stakeholders for its utility-scale wave power project at Reedsport, Oregon. This agreement represents a major step towards the grant of the first license ever issued by the Federal Energy Regulatory Commission, or FERC for a commercial-scale wave power project in the US. The SA supports the responsible, phased development by OPT of a 10-PowerBuoy, 1.5 megawatt capacity wave energy station in a manner that protects ocean resources and stakeholder interests. Manufacturing of the first 150 kilowatt PB150 PowerBuoy is already underway at Oregon Iron Works under its contract with OPT. The 10-buoy wave farm is expected to be connected to the grid after receipt of the FERC license and additional funding, supplying clean energy to approximately 1,000 homes. This first-ever wave energy SA was reached after extensive technical, policy, and legal discussions regarding. :theflyonthewall.com |
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February 9, 2012
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| 10:21 EDT |  | OPTT |
| theflyonthewall.com: | Study says oceans could supply over half of U.S. energy, Forbes reports | | A government-sponsored study says that the oceans surrounding the U.S. have enough energy to potentially supply over half the nation’s electricity demand, according to a Forbes report yesterday, but only 5 MW, or enough to light about 4K homes, is currently being exploited. The article highlights advances that may change that, specifically discussing the partnership between Lockheed Martin (LMT) and Ocean Power Technologies (OPTT). Reference Link :theflyonthewall.com |
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February 2, 2012
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| 07:12 EDT | | OPTT |
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