http://www.renewableenergyworld.com/rea/news/article/2010/08/oregon-wave-energy-project-closer-to-fruitionComing at the heels of OPT Inc.'s announcement that its subsidiary, Warwick, England-based OPT Ltd. was awarded GBP 1.5 million
for the development of its next-generation wave power system, the company today is announcing that it is getting closer to deploying its technology in the U.S.
Oregon-based OPT Inc. said that it signed a Settlement Agreement (SA) with 11 federal and state agencies and three non-governmental stakeholders for its utility-scale wave power project at Reedsport, Oregon. The agreement is the first step towards obtaining a FERC license to deploy the technology in what could be the first commercial-scale wave power project in America. The SA is for the phased development by OPT of a 10-PowerBuoy, 1.5-megawatt capacity wave energy station. OPT said that the agreement stipulates that development will take place “in a manner that protects ocean resources and stakeholder interests.”
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