Ocean Power Technologies Selects Oregon Iron Works to Build Commercial Wave Energy Device

Ocean Power Technologies (OPT) announced it has selected Oregon Iron Works (OIW) of Clackamas, Oregon to begin construction on the first commercial wave energy PowerBuoy system in North America.

The combination of new jobs created and international leadership in the responsible development of wave energy is a huge win for the State of Oregon.

Please join us in congratulating our partners, OPT and OIW.

Presentations from the fourth annual Ocean Renewable Energy Conference posted on Web site. To view click here.

Wave energy development in Oregon:

New Report Summarizes the Regulatory Framework for State and Federal Permitting of Wave Energy Projects

This report commissioned by OWET is an information tool for stakeholders navigating the regulatory process. It identifies the most relevant state and regulatory requirements, explains the authorization process, and identifies the lead and participating agencies for each authorization.

Read more and download the report here.

The Oregon Wave Energy Trust – (OWET) - with members from fishing and environmental groups, industry and government - is a nonprofit public-private partnership funded by the Oregon Innovation Council in 2007. Its mission is to serve as a connector for all stakeholders involved in wave energy project development - from research and development to early stage community engagement and final deployment and energy generation - positioning Oregon as the North America leader in this nascent industry and delivering its full economic and environmental potential for the state. OWET's goal is to have ocean wave energy producing 2 megawatts of power - enough to power about 800 homes - by 2010 and 500 megawatts of power by 2025.