Ocean Power Gets License for First U.S. Wave-Energy Project
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Ocean Power Technologies Inc. received permission to build the first commercial wave-power plant in the U.S.
The Federal Energy Regulatory Commission issued a 35-year license for the company’s planned 1.5-megawatt power project about 2.5 miles (4 kilometers) off the coast of Reedsport, Oregon, Ocean Power said today in a statement.