The Ocean Power Technologies wave energy project off the coast of Reedsport is being delayed for further testing of the technology.
The Ocean Power Technologies wave energy project off the coast of Reedsport is being delayed for further testing of the technology.
A second-generation product from OPT, the non-hydraulic buoy is expected to be built by the end of the year. The 200-ton buoy is currently in the hands of Oregon Iron Works.
As new technologies continue to emerge and entrepreneurs hunt for capital to support them, Oregon continues to attract interest from wave developers keen to take advantage of its optimal wave power conditions, attributable to the force of the waves, topography of the sea floor, and open transmission lines along the shore that once supported the timber industry.
Read more at Sustainable Business Oregon.
{biztweet}wave energy{/biztweet}
