Tag Archives: oregon

Ocean Power Tech (OPTT) Moves Closer To Commercial Scale Wave Energy In Oregon

Ocean Power Technologies (OPTT) moved another step closer to realizing its goal of completing the first commercial scale wave power station in the US.  The company has signed a Settlement Agreement with 11 federal and state agencies for its Reedsport, Oregon wave energy project which covers everything from aquatic resources, water quality, recreation, public safety, crabbing and fishing and cultural resources.

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The next step for … Read the rest

US Geothermal (HTM) Gets 25MW Geothermal PPA With Idacorp (IDA)

U.S. Geothermal (HTM) announced this morning that its subsidiary USG Oregon LLC has signed a 25 year power purchase agreement (“PPA”) with Idaho Power, a subsidiary of Idacorp (IDA) for the sale of up to 25MW from their Neal Hot Springs project in Oregon.   Surprisingly, the stock didn’t move at all on the news, but it could very well move once the PPA is approved by the Idaho Public Utilities Commission in the … Read the rest

General Electric (GE) Gets $1.4 Billion Wind Turbine Contract For World’s Largest Wind Farm In Oregon

Big news this morning out of General Electric (GE) and great news for the wind industry in general.  The company is announcing it will supply what will be the world’s largest wind farm in Oregon called the Sheperds Flat project run by Caithness Energy.  The deal calls for 338 wind turbines from GE between 2011 and 2012 with the project generating 845MW of energy at full capacity.  The project is expected to inject $16 million … Read the rest

Ocean Power Tech (OPTT) Signs MOU With Oregon To Develop More Wave Power Along Coast

Just a few days ago Ocean Power Technologies (OPTT) announced it was building the first N. American commercial scale wave energy system for use in Reedsport, Oregon.  This morning, the company is announcing it has signed a memorandum of understanding with the State of Oregon to put in motion a strategy for developing additional wave energy projects along the coast of Oregon.  The company is already studying the feasibility of building a wave power plant … Read the rest

Ocean Power Tech (OPTT) To Begin Construction On First N. American Commercial Wave Energy System In Oregon

Ocean Power (OPTT) is announcing that it will begin construction on the first North American commercial wave energy system in Oregon and has selected Oregon Iron Works of Clackamas to build the system off the Oregon coast in Reedsport.

Construction of the first PowerBuoy wave energy system represents phase one and phase two will involve the build out of the final 9 systems which is expected to generate 1.5MW of electricity.  Regional power company PNGC … Read the rest

Raser Technologies (RZ) Adds 37K Acres to Oregon Geothermal Holdings

Raser Technologies (RZ) has agreed to a long term lease agreement with private land owners covering 37K acres of geothermal resources in Southeastern Oregon.  Financials of the deal were not disclosed but it includes the rights to build geothermal power plants.

“Working with the University of Utah’s Energy and Geoscience Institute, Raser has determined this area is one of the more significantly promising geothermal systems,” stated Brent M. Cook, CEO of Raser. “We believe … Read the rest