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
- Envision Energy and GES Partner to Scale Energy Storage and Wind Power Across Spain and Europe, Powering a Clean Energy Future
- Poll Indicates Ohioans Strongly Support Solar Farms
- Core Highlights: Europe's C&I and Data Center Storage Drive Global Growth
- KROHNE Highlights Advanced Coriolis Flowmeter Technology for Precision Process Measurement
- Stäubli Enhances its BosCon Connector Product Line for Large-Format PV Aluminum Cable
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
MORNINGSTAR - ReadyEdge
The ReadyEdgeTM (RE-1) accessory is an intelligent system controlling and reporting device meant to make monitoring your solar energy system more transparent. Enabling access to LiveViewTM 2.0 and Morningstar Solar ConnectTM, ReadyEdge provides data from all compatible Morningstar devices in your system. It is designed to be paired with the three ReadyBlock options, up to six total, with the possibility to use multiple ReadyShunts and ReadyRelays. The ReadyEdge is compatible with select Morningstar products.
