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Ocean Renewable Power Receives $1.3M in DOE Funds

The U.S. Department of Energy awarded more than $1.3 million to Portland, Me.-based Ocean Renewable Power Company to develop two projects, according to this article in SustainableBusiness.com.
The DOE will contribute up to $750,000 for two years for the company to design a mooring system for devices that will be moored below the surface and suspended in the water column in reversing tidal environments.

Marine- and hydrokinetic-generated power from the world's oceans could grow to provide 2.7 gigawatts (GW) of power generation capacity by 2015, up from just 264 megawatts (MW) in 2008, according to a Pike Research report.

In 2007, Ocean Renewable Power received preliminary permits from the Federal Energy Regulatory Commission (FERC) to develop tidal energy projects in Cook Inlet and Resurrection Bay in Alaska. The company has received $600,000 to use a new combination of monitoring technologies to collect data on marine mammal distribution in Cook Inlet, with special emphasis on the endangered beluga whale. Monitoring during and after deployment will then occur to determine marine mammal interaction with the company’s tidal turbine.

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