Company plans to lead to the power grid power supply of the Oregon coast inland sea, says it faces a new regulatory obstacles, need a lot of money is considered the nation's first commercial wave energy business.
Ocean power technology company, told investors this month, it was doing reports and research report, and for the government is not likely to be the installation of 2013 test buoys, a goal, not connected to the grid in Roseburg news commentary (http://bit bit.ly/XcLgQ0) on Wednesday.
"This process may require significant delays in the deployment of PowerBuoy, and there is additional cost, as the company CEO chuck - dunleavy said," in an investor conference call.
Pennington, New Jersey, the company plans to install the buoys, and by using wave motion to generate electricity, enough to power about 1000 households. Power grid of the power cable will take the inland area.
In August, the federal energy regulatory commission issued by the company with 35 years of plates installed up to 10 buoy in the southern Oregon coast about 2 1/2 miles in port.
The company said it learned in February this year, the agency will require the comply with the grid connection buoy the buoy in the water before testing, all its licence conditions.
"Since the first buoy wouldn't be grid connections, the company didn't think that this is under the jurisdiction of the federal energy regulatory commission," chief financial officer Brian posner said, news comment in an email.
The company has been in the past rely on funds from the U.S. department of energy and the navy.
"We said some of the sources of additional funds at this time, but we don't want to discuss these issues publicly, until established strong commitment," posner said. He does not speak, the company will need how much.
In addition to power generation, land utility customers, the company said, buoy may have other USES, such as sonar and radar surveillance, tsunami warning, Marine data collection, offshore platforms and offshore aquaculture.
 



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