Wednesday 9 December 2009

Oregon Iron Works To Make Wave Power Buoys

news.opb.org
December 4, 2009

Oregon Iron Works announced Friday, that it will manufacture the buoys for a New Jersey company that hopes to build Oregon's first commercial wave power farm. Kristian Foden-Vencil reports. The first buoy will weigh about 200 tons and stand as tall as a three-story building. It's expected to be installed off Reedsport next year. If it's successful, another nine buoys will be added by 2012.

Mark Drape, the CEO of Ocean Power Technologies, says wave power maybe 10 years behind some other renewables, like wind, but it's a power source of the future. Mark Draper: "We intend to build the wave energy capital of the world with you right here in your state." The project is receiving tax credits from the state. But the hope is it'll create up to 150 jobs. Oregon Iron Works built another buoy a few years ago that sank during testing. It was recovered and engineers say a bilge pump failed.

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