Ocean Renewable Energy News

Ocean Power Technologies Achieves Major Milestones with PB150 PowerBuoy

Fri, 12 Jun 2009 11:23:13 +0100

PENNINGTON, N.J., Jun 11, 2009- Ocean Power Technologies, Inc. ( NASDAQ:OPTT and NASDAQ:London NASDAQ:Stock NASDAQ:Exchange NASDAQ:AIM: OPT) ( OPT or the Company ) is pleased to announce that it has reached two major manufacturing milestones in the development of the Company's flagship PB150 PowerBuoy(R), which is to be...

Ocean Renewable Power Company Receives Maine Technology Asset Fund Award

Fri, 12 Jun 2009 11:21:51 +0100

Ocean Renewable Power Company, an industry-leading developer of tidal energy technology and projects based out of Portland, ME received a grant of more than $800,000 from Maine Technology Asset Fund to advance its proprietary technology. PORTLAND, M.E., June 11, 2009 – Ocean Renewable Power Company, LLC (ORPC) announced today the award...

Interior and FERC Announce Agreement on Offshore Renewable Energy Development

Wed, 25 Mar 2009 11:14:12 +0100

WASHINGTON, DC – In a joint statement issued today (March 17, 2009) Secretary of the Interior (DOI), Ken Salazar and Acting Chairman of the Federal Energy Regulatory Commission (FERC) Jon Wellinghoff announced that the two agencies have confirmed their intent to work together to facilitate the permitting of renewable energy...

Department of the Navy awards Guam OTEC Study to Makai Engineering In Record Time

Wed, 04 Feb 2009 16:00:00 +0100

The Naval Facilities Engineering Command in Port Hueneme, California today awarded Makai Ocean Engineering of Honolulu, Hawaii $149,996.00 for the Guam Ocean Thermal Energy Conversion (OTEC) Feasibility Study. The closing date for the proposal was February 2nd. Four proposals were received and evaluated in response to the solicitation. Additionally, two late proposals were received and not...

Florida Atlantic University receives $1.2 million for ocean turbine research

Mon, 16 Mar 2009 22:04:47 +0100

From left: Susan Skemp: Executive Director of COET; Dr. Rick Driscoll: Technical Director of COET; Frank T. Brogan: President of FAU; Rep. Ron Klein: D-Fla.; Dr. Manhar Dhanak: Chairman, Department of Ocean Engineering. Researchers in Dania Beach, Fla., landed almost $1.2 million in a federal grant to continue working on an underwater turbine prototype...

Department of Interior Ken Salazar Pushes for Offshore Wind Energy

Sun, 08 Mar 2009 21:59:08 +0100

Interior Secretary Ken Salazar said Monday that the waters off the Atlantic coast hold some of the country's greatest wind energy potential, and he promised to move aggressively to develop plans to exploit this abundant resource. In an interview with The Associated Press, Salazar called for the creation of renewable energy zones to smooth...

Finally, Interior Secretary Salazar Brings Ocean Energy to the Nations Attention

Mon, 09 Feb 2009 21:57:23 +0100

On its last business day in office, the Bush administration proposed a new five year plan for offshore oil and gas leasing to follow the current plan, in effect through 2012. Today, Secretary of the Interior Ken Salazar put the brakes on this midnight action in favor of building a framework for offshore...

Ocean Power Technologies and Lockheed Martin Announces Collaboration for Utility Wave Power Project

Mon, 16 Mar 2009 21:54:45 +0100

Lockheed Martin (NYSE:LMT) and Ocean Power Technologies, Inc. (OPT) (NASDAQ:OPTT) (NASDAQ:and London) (NASDAQ:Stock) (NASDAQ:Exchange) (NASDAQ:AIM:) (NASDAQ:OPT) announced they have signed a letter of intent to collaborate in the development of a utility-scale wave power generation project in North America. Lockheed Martin and OPT intend to enter into an agreement under which OPT would provide its project and site...

Ocean Energy Council represents renewable ocean energy at Presidential Transition Team Meeting in DC

Mon, 01 Dec 2008 21:52:37 +0100

The Ocean Energy’s Council’s president, Richard A. Meyer, was invited to represent ocean energy at the Presidential Transition Team Meeting with Renewable Energy Industry. The meeting was moderated by Carole Browner, former EPA Administrator and now President Obama’s White House Energy and Environment Czar, and Dan Reicher, Climate Change Energy Director for Google. Attendees included the...

Hawaii Governor Lingle Announces New Ocean Thermal Energy Partnership

Wed, 19 Nov 2008 15:21:20 +0100

Aloha, In energy news from Governor's trip to Asia, we are excited to update you on a new partnership launched today between the Taiwan Industrial Technology and Lockheed Martin Collaboration, involving the development of a 10 megawatt Ocean Thermal Energy Conversion (OTEC) pilot plant in...