Ocean Power Technologies Deploys Autonomous PowerBuoy for US Navy Maritime Security Program

Ocean Power Technologies, Inc., a leading wave energy technology company, is pleased to announce the deployment for sea trials of a unique autonomous wave energy device, marking an important milestone in the expansion of the Company’s PowerBuoy product line. This latest deployment is an autonomous PowerBuoy(R) designed and manufactured by OPT under the US Navy’s Littoral […]

Alaska studying viability of harvesting tidal power at Cook Inlet

The Alaska Energy Authority has signed a memorandum of agreement with the National Oceanic and Atmospheric Administration to conduct a baseline assessment of tidal hydrokinetic energy in Cook Inlet. The authority said that over the next few years NOAA will measure and model water levels and three-dimensional current, salinity and temperature fields within Cook Inlet […]

Budget Control Act of 2011: A Simple Guide

This is a very simple guide to the Budget  Control Act of 2011. There are more details but this serves as an easy to read breakdown of the Act.   Yesterday the United States House of Representatives passed the Budget Control Act of 2011 (S. 365) the votes were tallied at 269 to 161. 174 […]

Details of Budget Agreement

The debt ceiling would be raised by $2.1 trillion with spending cuts of $1 trillion over the course of ten years. The cuts will be enacted immediately. CUTS: $350 billion from the defense with another $1.5 million to be cut via a bipartisan committee by November 23, 2011 If there is no agreement on the […]

Incentivizing Offshore Wind Power Act

Senator Tom Carper (D-Del.) and Senator Olympia Snowe (R-Maine) brought forth legislation that has financial incentives for the investment of offshore wind energy. Cosponsers include Senators Robert Menendez (D-NJ), Susan Collins (R-ME), Chris Coons (D-DE), Sheldon Whitehouse (D-RI) and Sherod Brown (D-OH). Senator Menendez was quoted as saying “ This targeted, temporary incentive will be […]