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
- OMCO Solar - Celebrating Project 100
- Powering the Future with AI: Sigenergy Showcases Smart Energy Breakthroughs at Intersolar Europe 2025
- EcoFlow Launches STREAM Series, the First U.S. Plug-and-Play Home Solar System Designed for Apartments and Condos in Addition to Single Family Homes
- REN21 LAUNCHES GROUNDBREAKING 'RENEWABLE ENERGY CHAMPIONS' INITIATIVE TO ACCELERATE THE SHIFT TO ENERGY-SECURE RENEWABLE-BASED ECONOMIES
- Intersolar 2025 - Kseng Solar Shines with All-Scenario Solar Solutions, Driving Energy Transition in Germany and Beyond
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
U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES
Our RE Series batteries are designed to provide the highest peak capacity, longest cycle life, and greatest reliability for use in industrial or residential renewable energy applications. Renewable Energy Series batteries utilize the company's exclusive XC2â„¢ formulation and Diamond Plate Technology® to create the industry's most efficient battery plates, delivering greater watt-hours per liter and watt-hours per kilogram than any other flooded lead-acid battery in the market. Our Deep Cycle batteries are engineered to work with solar panels as well as other renewable energy applications.
