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Ocean Power Gets License for First U.S. Wave-Energy Project

Bloomberg -- Ocean Power Technologies Inc. (OPTT) received permission to build the first commercial wave-power plant in the U.S.

The approval validates the New Jersey-based company’s technology to convert sea motion into electricity and may lead to additional commercial marine-energy projects, said CEO Charles Dunleavy.

“The 35-year term of the license demonstrates the commercial potential of wave power, and this will support initiatives to secure financing for the project,” he said in the statement.

The project comprises 10 PowerBuoys tethered to the sea floor which generate power as waves and tides move them up and down. It will generate enough power for about 1,000 homes, according to Ocean Power.

The first PowerBuoy, which received funding from the U.S. Energy Department, is expected to

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Submitted Aug 21, 2012 By: Martinman

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carranco Champion Author Georgia Posts:1,027 Points:267,390 Joined:Dec 2008	Message Posted: Aug 21, 2012 10:32:51 PM Ignore carranco Report Abuse I thought it sounded pretty good until I realized that I was funding it.
gasokie Champion Author Oklahoma Posts:3,442 Points:1,323,805 Joined:May 2007	Message Posted: Aug 21, 2012 7:50:13 PM Ignore gasokie Report Abuse A waste of a beach and a waste of money. These same wackos gripe 'cause on a clear day you can see oil dericks way off on the horizon in Santa Barbara. Ever see one of these Rube Goldburg Machines?
pulpwood Champion Author Mississippi Posts:7,379 Points:1,859,605 Joined:Sep 2006	Message Posted: Aug 21, 2012 7:45:37 PM Ignore pulpwood Report Abuse good to here.
jbrad4 All-Star Author Dallas Posts:798 Points:472,885 Joined:Nov 2010	Message Posted: Aug 21, 2012 4:54:52 PM Ignore jbrad4 Report Abuse Good renewable energy. Helps get us off of OPEC oil.
BurtB Champion Author Los Angeles Posts:5,127 Points:1,362,840 Joined:Jun 2006	Message Posted: Aug 21, 2012 2:28:22 PM Ignore BurtB Report Abuse as soon as this technology can make a profit, Martinman will be against it
qwerty17 Champion Author New Jersey Posts:3,635 Points:1,113,900 Joined:Oct 2009	Message Posted: Aug 21, 2012 12:41:57 PM Ignore qwerty17 Report Abuse what about the helpless algae & amoebas?
schatzila Champion Author Los Angeles Posts:4,924 Points:1,011,645 Joined:Jun 2010	Message Posted: Aug 21, 2012 11:29:00 AM Ignore schatzila Report Abuse good idea
NukeAtComEd All-Star Author Milwaukee Posts:725 Points:338,520 Joined:Jan 2011	Message Posted: Aug 21, 2012 8:15:23 AM Ignore NukeAtComEd Report Abuse wait till the fishing industry and native american salmon fisheries see the destruction of their livelihoods, just like the wind turbines are slaughtering birds and bats - never mind the environmental impact statements, nothing to see here, just move along with the rest of the mindless sheep who love "green" energy!
taxiken Champion Author Twin Cities Posts:5,925 Points:1,542,750 Joined:Feb 2003	Message Posted: Aug 21, 2012 7:55:02 AM Ignore taxiken Report Abuse Ok.
SUNOIL Champion Author Toledo Posts:5,225 Points:1,922,005 Joined:Jul 2007	Message Posted: Aug 21, 2012 7:50:48 AM Ignore SUNOIL Report Abuse Can't see us running out of that.
ss70 Champion Author Detroit Posts:9,630 Points:1,866,100 Joined:Sep 2005	Message Posted: Aug 21, 2012 7:49:08 AM Ignore ss70 Report Abuse Some one will start crying out for fish or some algae soon.
sljbc475 Champion Author Tucson Posts:4,200 Points:868,375 Joined:Dec 2010	Message Posted: Aug 21, 2012 7:48:52 AM Ignore sljbc475 Report Abuse Keep it affordable and profitable.
MrZarf Sophomore Author Baltimore Posts:165 Points:643,360 Joined:Mar 2011	Message Posted: Aug 21, 2012 6:59:09 AM Ignore MrZarf Report Abuse Each PowerBuoy can power 100 homes? I gotta see this one to believe it...
doeslayersr Champion Author Illinois Posts:9,083 Points:868,005 Joined:Dec 2010	Message Posted: Aug 21, 2012 6:59:00 AM Ignore doeslayersr Report Abuse A REPOST of a previously posted article.
trashmandan33 Sophomore Author Huntsville Posts:213 Points:527,005 Joined:Jan 2010	Message Posted: Aug 21, 2012 6:49:58 AM Ignore trashmandan33 Report Abuse Wow
me2too4c Sophomore Author New York Posts:245 Points:235,485 Joined:Jul 2012	Message Posted: Aug 21, 2012 6:23:23 AM Ignore me2too4c Report Abuse wow that is good and no pollution
ClarkSC Champion Author South Carolina Posts:3,058 Points:1,007,405 Joined:May 2010	Message Posted: Aug 21, 2012 6:15:32 AM Ignore ClarkSC Report Abuse This project has promise.
yardslave Champion Author Oklahoma City Posts:2,539 Points:593,005 Joined:Dec 2005	Message Posted: Aug 21, 2012 6:06:39 AM Ignore yardslave Report Abuse Show me
el_fr Champion Author Massachusetts Posts:3,317 Points:740,700 Joined:Apr 2011	Message Posted: Aug 21, 2012 6:01:42 AM Ignore el_fr Report Abuse Worth watching
ktyson13 Champion Author Maryland Posts:1,541 Points:395,275 Joined:Aug 2010	Message Posted: Aug 21, 2012 6:01:09 AM Ignore ktyson13 Report Abuse Easy money!
Wally3023 Champion Author Pennsylvania Posts:2,014 Points:536,355 Joined:Sep 2011	Message Posted: Aug 21, 2012 5:58:02 AM Ignore Wally3023 Report Abuse Go for it
335d1 Champion Author Virginia Posts:2,361 Points:755,045 Joined:Feb 2011	Message Posted: Aug 21, 2012 5:56:15 AM Ignore 335d1 Report Abuse Interesting technology. Now to see how it works.
grandpadon28110 Champion Author Charlotte Posts:4,696 Points:1,138,310 Joined:Sep 2008	Message Posted: Aug 21, 2012 5:53:35 AM Ignore grandpadon28110 Report Abuse So.
Xavier80 Champion Author Victoria Posts:1,758 Points:375,190 Joined:Apr 2012	Message Posted: Aug 21, 2012 5:49:25 AM Ignore Xavier80 Report Abuse ok
Joeski1 Champion Author New Jersey Posts:9,972 Points:1,737,835 Joined:Dec 2004	Message Posted: Aug 21, 2012 5:32:58 AM Ignore Joeski1 Report Abuse This is awesome. Only about 20 years behind other countries, but still a major step forward. Wave motion hydro power! Endless , limited only by our ability to capture it, and clean! One Part of the motherlode of the simple 4. Wind, sun, water (hydro) and earth (geo) [Edited by: Joeski1 at 8/21/2012 6:36:43 AM EST]
StArrow68 Champion Author Oakland Posts:3,236 Points:1,357,220 Joined:Apr 2003	Message Posted: Aug 21, 2012 4:32:04 AM Ignore StArrow68 Report Abuse I'm betting Solyndra said govt loans validated their technology, too. This validates nothing, becoming profitable will valIdate this venture.
TXryder Champion Author Texas Posts:2,686 Points:428,730 Joined:Jan 2012	Message Posted: Aug 21, 2012 2:16:16 AM Ignore TXryder Report Abuse What a flaky way to utilize energy from the ocean current. Why not use some type of turbines instead.
tco9436 Champion Author Connecticut Posts:1,767 Points:718,950 Joined:Mar 2010	Message Posted: Aug 21, 2012 2:05:01 AM Ignore tco9436 Report Abuse Time will tell
teafortwo Champion Author Washington Posts:22,061 Points:1,381,090 Joined:Feb 2009	Message Posted: Aug 21, 2012 1:57:18 AM Ignore teafortwo Report Abuse Follow the science. Thanks for sharing Martinman ;0}
jcdakota Champion Author Baltimore Posts:1,347 Points:361,345 Joined:Nov 2010	Message Posted: Aug 21, 2012 1:55:13 AM Ignore jcdakota Report Abuse But are they hurricane proof????
speedys Champion Author Utah Posts:6,995 Points:2,554,845 Joined:Nov 2005	Message Posted: Aug 21, 2012 1:54:58 AM Ignore speedys Report Abuse It still hasn't been built yet.
TheHermit Champion Author Maine Posts:3,404 Points:127,030 Joined:May 2012	Message Posted: Aug 21, 2012 1:53:04 AM Ignore TheHermit Report Abuse Hope it's out of the fishing area so they don't get snagged with those nets.
Z06KY Champion Author Louisville Posts:5,124 Points:901,715 Joined:Nov 2010	Message Posted: Aug 21, 2012 1:53:02 AM Ignore Z06KY Report Abuse I agree hope it works.
jmaustin80 Sophomore Author Alaska Posts:159 Points:189,875 Joined:Mar 2012	Message Posted: Aug 21, 2012 1:52:14 AM Ignore jmaustin80 Report Abuse Hope it works correctly.
kosciak Champion Author Hartford Posts:1,106 Points:531,275 Joined:Aug 2011	Message Posted: Aug 21, 2012 1:49:35 AM Ignore kosciak Report Abuse ok
defiancegasman Champion Author Ohio Posts:7,069 Points:1,321,210 Joined:May 2006	Message Posted: Aug 21, 2012 1:27:23 AM Ignore defiancegasman Report Abuse Use any source that works!!
comprof Champion Author Houston Posts:6,839 Points:1,352,750 Joined:Jul 2009	Message Posted: Aug 21, 2012 1:22:54 AM Ignore comprof Report Abuse Lots of energy there if it can be captured economically. There are a lot of uninhabited islands out there that need electricity.
Retowered Champion Author Colorado Posts:8,557 Points:2,681,415 Joined:May 2004	Message Posted: Aug 21, 2012 1:20:42 AM Ignore Retowered Report Abuse Good news.
leemun Champion Author Utah Posts:5,513 Points:1,036,125 Joined:May 2010	Message Posted: Aug 21, 2012 1:19:44 AM Ignore leemun Report Abuse How will this affect the sea turtles?
dieselgus1 All-Star Author Montana Posts:528 Points:482,400 Joined:Oct 2009	Message Posted: Aug 21, 2012 1:16:25 AM Ignore dieselgus1 Report Abuse first big step in developing a technology like this. lets hope it works well.
nurdco Champion Author Colorado Springs Posts:9,205 Points:1,690,410 Joined:Apr 2008	Message Posted: Aug 21, 2012 1:14:31 AM Ignore nurdco Report Abuse Moon propulion...
jimpeel Veteran Author Colorado Posts:462 Points:107,190 Joined:Mar 2005	Message Posted: Aug 21, 2012 1:14:11 AM Ignore jimpeel Report Abuse This technology has been around for decades. Once the anti-capitalist eco-terrorists get wind of this they will start filing slap suits to stop it. After all the Grunion won't run, or some such make believe fantasy; and that will take precedence over human needs. [Edited by: jimpeel at 8/21/2012 2:16:15 AM EST]
Canucktree Champion Author Alberta Posts:4,876 Points:1,016,625 Joined:Dec 2008	Message Posted: Aug 21, 2012 1:12:39 AM Ignore Canucktree Report Abuse Tide and wave technology have been used for years,
wally52 Champion Author Little Rock Posts:27,403 Points:810,510 Joined:Jan 2011	Message Posted: Aug 21, 2012 1:07:16 AM Ignore wally52 Report Abuse This is good news.
Matt G Champion Author Boston Posts:4,513 Points:2,769,040 Joined:Jun 2004	Message Posted: Aug 21, 2012 1:07:03 AM Ignore Matt G Report Abuse Good
mfeldstein Champion Author Ottawa Posts:8,156 Points:1,927,455 Joined:Feb 2007	Message Posted: Aug 21, 2012 1:04:02 AM Ignore mfeldstein Report Abuse Good news. Right?
Rooster922 Champion Author Wilmington Posts:3,768 Points:652,070 Joined:Jan 2009	Message Posted: Aug 21, 2012 1:00:43 AM Ignore Rooster922 Report Abuse Great
prius22 Champion Author Twin Cities Posts:2,190 Points:384,310 Joined:Apr 2012	Message Posted: Aug 21, 2012 12:57:41 AM Ignore prius22 Report Abuse Cool
SHEP20715 Champion Author Maryland Posts:8,446 Points:1,710,845 Joined:Nov 2007	Message Posted: Aug 21, 2012 12:54:33 AM Ignore SHEP20715 Report Abuse interesting
gmcgas Champion Author Atlanta Posts:5,932 Points:1,710,170 Joined:Mar 2004	Message Posted: Aug 21, 2012 12:52:36 AM Ignore gmcgas Report Abuse wonder how much we are on the hook for? hope it works.