New Massachusetts RPS Includes Ocean Energy

Massachusetts has announced new rules for its Renewable Portfolio Standard (RPS), reports Renewable Energy World (January 7, 2009).  Under the new regulations, marine and hydrokinetic energy technologies are now eligible under RPS Class I, which means that they may be used to meet renewable purchase obligations.

Massachusetts’ new RPS is good news for wave energy companies, including Massachusetts based power start up and OREC member, Resolute Marine Energy, which began testing a wave energy converter off the cost of Newburyport, reports Mass High Tech (December 29, 2008).  According to the article, the test, which is expected to last three to four days, comes as part of a larger project aimed at developing deep ocean aquaculture farms that would run autonomously, led by Ocean Farm Technologies Inc. of Searsmont, Maine. vital to Resolute’s presentation of its technology in other potential markets, said founder and CEO Bill Staby.