Plans to deploy Oregon’s first commercial wave energy project have been formally dropped by the company.
After spending millions on the project off the coast of Reedsport, Ore., Ocean Power Technologies pulled the plug and will focus on another project in Australia.
Kevin Watkins, a company representative, said this would have actually been the first such project in the Western Hemisphere — but they had trouble securing adequate funds.
“In consultation with the Department of Energy, OPT has made the decision to terminate further work on the project and initiate decommission and close-out activities,” Watkins said. ... Click Here to Read Full Article.
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