Ocean Power Technologies, Inc. has chosen Oregon Iron Works to construct its first commercial wave energy PowerBuoy system in North America.
The Oregon coast, Draper said, is “One of the world’s top sources for future wave energy development.”
The system will be installed off the Oregon coast 2.5 miles offshore near Reedsport, Oregon. The wave park will consist of ten (10) PowerBuoys, an undersea substation to collect the power, and a submarine cable to deliver the renewable power to the Pacific Northwest electric grid. Each PowerBuoy® has a maximum sustained generating capacity of 150 kiloWatts.
The estimated amount of electricity this project will deliver to the grid is approximately 4,140 MegaWatt-hours/year based on the wave resource at this location, or enough for up to 375 homes. Electricity generated by OPT’s clean, renewable PowerBuoy system will displace 2,110 tons of carbon dioxide annually.
Ocean Power Technologies and Oregon Iron Works estimate that construction of the first PowerBuoy® wave energy device, rated at 150 KW, will create or sustain about 30 jobs over the next nine months.
“Our workers are helping the Pacific Northwest become the center of excellence in green tech/clean tech manufacturing, and we are proud to continue that tradition of leadership in American manufacturing by building the world’s best renewable ocean energy devices for OPT,” said Terry Aarnio, chairman of Oregon Iron Works.
Mark Draper, CEO of Ocean Power Technologies, said Oregon state leaders have helped to promote green technologies and to make use of Oregon’s wave energy potential.