When green energy gets choked by red tape

by NW Spotlight

The Oregonian reported on Friday that America’s first wave-powered utility, located here in Oregon, has all but ground to a halt due to “regulatory and technical difficulties.” The equipment for the wave-powered utility is from Ocean Power Technologies (OPT), a New Jersey company.

The wave energy project has been hampered by layers of government regulations and initial problems with their buoy generators and anchoring system.

The New York Times reported last year that the state-financed Oregon Wave Energy Trust had spent $10 million on wave-energy research and grants, including more than $430,000 to Ocean Power Technologies.

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Posted by at 12:52 | Posted in Government Regulation, Green Energy | 958 Comments |Email This Post Email This Post |Print This Post Print This Post

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