US Regulations Push Wave-Energy Project to Australia
Australian Renewable Energy Agency has provided a $66.5 million grant to help the company build and deploy a planned wave power station.
PORTLAND, Ore. (AP) — A company that was planning a wave energy installation off the Oregon coast that could have powered 1,000 homes has said it will instead undertake the project in Australia.
More Headlines
- Reducing Energy Loss and Improving Safety in Glass Production with Acoustic Imaging
- First Solar Selects South Carolina for New US Production Facility
- Flir to Demonstrate the Future of Reliability and Asset Management at IMC 2025
- S-5! Introduces New Carport Solution for Attaching Solar PV Panels on Carports
- Battery Cell Costs Drop to Almost US$100/kWh, Despite Lithium Price Volatility, finds IDTechEx
Ocean Power Technologies is suspending the Oregon project because it lacked money to comply with unexpected regulatory requirements, the company said last month in a report to the Securities and Exchange Commission.
The Pennington, N.J., company also said it's surrendering a preliminary permit it received from the government.
Ocean Power had planned to have 10 buoys about 3 miles off Reedsport, Ore., and would use the motion of waves to generate enough electricity for about 1,000 homes.
Now it's focusing on the coast of Australia, where the Australian Renewable Energy Agency has provided a $66.5 million grant to help the company build and deploy a planned wave power station.
View the original article at : http://fuelfix.com/blog/2014/04/30/us-regulations-push-wave-energy-project-to-australia/
Featured Product
Quality assurance in the manufacturing industry
Efficiency and precision with CSP software. In the highly competitive world of manufacturing, quality assurance is a critical factor for success. CSP offers you state-of-the-art software solutions specifically designed to ensure the highest standards of quality assurance in the manufacturing industry.
