DOE Awards Ocean Renewable Power Company In Maine $10 Million
Company Receives Funding from Federal Department of Energy in Recent Renewable Power Grants.
Governor John E. Baldacci today learned that the U.S. Department of Energy has awarded Ocean Renewable Power Company $10 million to fund a key part of their commercial-scale tidal energy development project in Cobscook Bay.
Ocean Renewable Power Company, based in Portland, Maine, received one of the two largest grants of the total $37 million awarded by the federal Department of Energy today.
The Governor called Christopher Sauer, President and CEO of Ocean Renewable Power Company, to congratulate him and his team for their work thus far in Eastport and for securing this major funding to help continue the company’s important work.
“I am pleased that Ocean Renewable Power Company has again been recognized for its leadership in development of tidal energy technology,” said Governor Baldacci. “The company is demonstrating that clean energy derived from Maine’s abundant natural resources has great potential to grow new jobs and yield economic gains for Maine residents.”
Two weeks ago, the Governor joined Congressman Mike Michaud and U.S. Coast Guard officials for a tour and demonstration of Ocean Renewable Power Company’s successful generation of energy through the use of tidal currents in Cobscook Bay. The company is partnering with the University of Maine and the U.S. Coast Guard and has received financial support from the State’s Maine Technology Institute.
The company has previously been awarded grants from the U.S. Department of Energy (DOE). In July, the company was awarded $750,000 from the department to refine cross flow turbines, which the DOE said will help identify the best designs and manufacturing process for turbines.
The Governor said the success of Ocean Renewable Power Company is important to the entire State as public and private partners in Maine continue to aggressively pursue development of clean, renewable energy.
“The ocean energy industry in Maine shows great promise,” said Governor Baldacci. “Maine needs to continue its efforts to decrease our dependence on fossil fuels by harnessing our natural resources. This will create valuable jobs here at home, and preserve our environment and quality of life.”
In partnership with the Maine Legislature, the Governor has worked to improve and update Maine laws to realize the potential for harnessing energy.
Maine also continues to explore opportunities with Nova Scotia for collaboration regarding research, technology and deployment of tidal energy and will be participating in a two-day workshop planned for Wednesday, October 13 and Thursday, October 14 in Wolfville, Nova Scotia.
Governor Baldacci and Premier Dexter signed a Memorandum of Understanding on Ocean Energy Development on July 12, 2010 to share information on renewable electricity with a focus on ocean tidal energy.
Topics: 2010, America, business, Canada, clean energy, clean energy future, conservation, cross flow turbines, Eastern Canadian Premiers, economic development, economic growth, employment, environment, eocnomy, Governance, government, Governor John E. Baldacci, jobs, Maine, memorandum of understanding, moniter, monitor, MOU, news, Nova Scotia, Ocean Renewable Power Company, Portland, Premier Dexter, renewable energy, renewable ocean electricity, Renewable Power Grants, society, Tidal Energy Symposium, U.S., United States
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