Wave Energy

Scientists estimate that harnessing just 0.2 percent of the ocean’s untapped energy would supply enough power for the world. Reedsport, Oregon has been identified as an ideal location for a pilot project. Commercial developers are working on a wave energy park and anticipate someday selling electricity commercially with PNGC Power’s participation.

Ocean Power Technologies, Inc. (OPT) plans to launch its first power-generating demonstration buoy off the coast, near Reedsport, Oregon in 2012. Oregon Iron Works has been working on fabricating the steel structure of the buoy. If testing and assembly of the buoy remain on schedule, it’s expected to be deployed next summer.

The first PB150 PowerBuoy wave energy demonstration device will be placed 2.5 miles off the Oregon coast, near the communities of Reedsport and Gardiner. The Reedsport OPT Wave Park project is being developed with support from PNGC Power, with significant funding from the U.S. Department of Energy (DOE).