Finance Broadcast

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Walmart Is Trying To Set Up Clinics Of Corona Vaccines For The Workers Of Flipkart While India Is Fighting Against The Second Wave Of The Covid-19 Crisis

    May 3, 2021

    Why Is The Company Amazon An Excellent Profit-Making Machine?

    May 3, 2021

    Biden Fails To Attract A Live TV Audience

    May 1, 2021
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Finance BroadcastFinance Broadcast
    Subscribe
    • Home
    • News
    • Business
    • Sports
    Finance Broadcast
    Home » New Oregon Facility Could Boost Wave Energy Prospects
    News

    New Oregon Facility Could Boost Wave Energy Prospects

    AdminBy AdminApril 29, 2021Updated:April 29, 2021No Comments4 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    New Oregon Facility Could Boost Wave Energy Prospects
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Northwestern state of Oregon in the United States had everything making it a natural paradise- scenic mountains, numerous lakes mirroring the skies and vast tracts of forest land.

    New Oregon Facility Could Boost Wave Energy Prospects

    But one offshore project aimed to harness nature’s power for analyzing and testing wave energy converters, a technology which could play an important role in the transition to renewables.

    New Oregon Facility Could Boost  Wave Energy Prospects

    PacWave as the project was known was coming up at two locations: PacWave North, a test site for prototype, small-scale, and maritime market technologies, and PacWave South, which was under development with grants from the State of Oregon and the Department of Energy, among others.

    In March, PacWave South to be located 7 miles offshore in federal waters, 70 to 75 meters deep advanced, taking a significant forward step, with the announcement that the Oregon State University (OSU) had been  granted a license by the Federal Energy Regulatory to “build and operate” a test facility. 

    OSU said, PacWave South was the first utility grid-connected United States test site of commercial scale that had obtained a FERC license and would be the first energy research facility for marine renewables off the Pacific Coast, in federal waters.

    Burke Hales, chief scientist, PacWave said in a statement at the time that the news came  as  a huge moment for the project and the industry. 

    Hales, who was also professor at OSU’s College of Earth, Oceanic and Atmospheric Sciences, added the license was the first of its kind to be issued in the United States.

    PacWave South would be made up of four berths and once operational, it would have the capacity for testing up to 20 wave energy converters, or WECs of utility scale.

    According to Ocean Energy Europe, the Brussels-based trade association, WECs can capture the swells and waves’ physical movement and convert it into energy, usually electricity. Subsea cables at PacWave South, would carry electricity from the WECs to a land-based site which would then feed it into the grid.

    According to the website of the project, PacWave  South  would  deliver a maximum power output of 20 megawatts (MW). The site was pre-permitted, which meant in simple terms, WEC developers would not need to apply for permission or permits for technology deployment there.

    If everything went as per the plan, construction work would start this summer with operations starting by 2023. PacWave South, once built would boost the testing infrastructure for marine energy in the US, which already included the U.S. Navy’s Hawaii Wave Energy Test Site.

    Speaking in a phone interview with CNBC last week, Hales sought to highlight the importance of the U.S. having a test site such as PacWave South, as also the task facing the sector.

    He added he would say that wave energy lagged wind energy by a few decades.

    He said, the real bottleneck in the ketchup was that there was really nowhere the devices could be tested, basically, apart from a couple of sites in Europe: there was a site at Orkney, the EMEC site, and one in the Bay of Biscay called BiMep.

    But there was nothing like it anywhere else in the world, and certainly nothing of the kind in the U.S. he added. He went on to explain how a full-scale testing ground was “critically important” for developers.

    According to the U.S. Department of Energy, marine energy resources had the potential to meaningfully contribute to the U.S. and global energy supply.

    The International Energy Agency similarly described marine technologies as having great potential but added that extra policy was required for design, research, and development to enable reductions in costs that came with the commissioning of commercial-scale plants.

    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleDeutsche Bank Reports 908 Million Euro Q1 Profit
    Next Article Biden’s Regulatory Measures Worry Small Business Owners
    Admin
    • Website

    Related Posts

    Walmart Is Trying To Set Up Clinics Of Corona Vaccines For The Workers Of Flipkart While India Is Fighting Against The Second Wave Of The Covid-19 Crisis

    May 3, 2021

    Why Is The Company Amazon An Excellent Profit-Making Machine?

    May 3, 2021

    Biden Fails To Attract A Live TV Audience

    May 1, 2021
    Add A Comment

    Leave A Reply Cancel Reply

    Don't Miss

    Walmart Is Trying To Set Up Clinics Of Corona Vaccines For The Workers Of Flipkart While India Is Fighting Against The Second Wave Of The Covid-19 Crisis

    News May 3, 2021

    Walmart is trying its best to set up clinics and dispensaries for workers of more…

    Why Is The Company Amazon An Excellent Profit-Making Machine?

    May 3, 2021

    Biden Fails To Attract A Live TV Audience

    May 1, 2021

    GDP rises 6.4% on consumer spending in Q1

    May 1, 2021
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Our Picks

    Walmart Is Trying To Set Up Clinics Of Corona Vaccines For The Workers Of Flipkart While India Is Fighting Against The Second Wave Of The Covid-19 Crisis

    May 3, 2021

    Why Is The Company Amazon An Excellent Profit-Making Machine?

    May 3, 2021

    Biden Fails To Attract A Live TV Audience

    May 1, 2021

    GDP rises 6.4% on consumer spending in Q1

    May 1, 2021

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo

    Finance Broadcast, the trusted business, and financial news website delivering news on the market and economy.

    Email Us: [email protected]
    Contact: +1-111-0111-111

    TOP NEWS
    Royal Dutch Shell Reports Better-Than-Expected Q1 Earnings
    April 30, 2021
    Biden’s Regulatory Measures Worry Small Business Owners
    April 30, 2021
    Previous 1 2 3 4 5 … 79 Next
    Recent Post
    • Walmart Is Trying To Set Up Clinics Of Corona Vaccines For The Workers Of Flipkart While India Is Fighting Against The Second Wave Of The Covid-19 Crisis May 3, 2021
    • Why Is The Company Amazon An Excellent Profit-Making Machine? May 3, 2021
    • Biden Fails To Attract A Live TV Audience May 1, 2021
    • GDP rises 6.4% on consumer spending in Q1 May 1, 2021
    • Royal Dutch Shell Reports Better-Than-Expected Q1 Earnings April 30, 2021
    © 2023 | All right reserved. Digitally powered by financebroadcast.com.
    • Home
    • Lifestyle
    • Computing

    Type above and press Enter to search. Press Esc to cancel.