Ocean Power Technologies has gained approval from the Federal Energy Regulatory Commission for the complete build-out of its wave power station off the southern Oregon Coast, the first wave power station to be licensed in the U.S.

FERC granted a 35-year license for the wave power station to OPT subsidiary Reedsport OPT Wave Park, LLC. OPT said in a news release that construction of the first PowerBuoy® is almost completed and should be deployed 2.5 miles off the Reedsport coast later this year. After the first buoy is deployed, OPT will build up to 9 additional buoys and their grid connection infrastructure – assuming additional funding and the remaining regulatory approvals are obtained. Keep reading →