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Power Buoy To Be Deployed Off Reedsport Coast
Ocean Power Technologies, Incorporated has announced that Reedsport OPT Wave Park, LLC, has received approval from the Federal Energy Regulatory Commission for the full build-out of its planned 1.5 megawatt, grid-connected wave power station off Reedsport.
This is the first FERC license for a wave power station issued in the United States and provides a regulatory approval for the deployment of up to ten OPT devices generating enough electricity for approximately 1,000 homes. Construction of the initial Power Buoy is nearing completion and it is expected to be ready for deployment about 2.5 miles off the Reedsport coast later this year. OPT has received funding for this first system from the U.S. Department of Energy, with the support of the Oregon Congressional delegation, and from PNGC Power, an Oregon-based electric power cooperative.