Ocean Power Technologies
Energy consulting firm IHS Inc. (NYSE: IHS) issued a report this week saying 1.8 gigawatts (GW) of ocean wave and tidal energy projects are in “the pipeline”. For investors wanting to participate, there is only one publicly traded pure-play company in this business: Ocean Power Technologies, Inc. (NASDAQ: OPTT).
The U.S. Department of Energy (DOE) recently announced it will make its largest investment ever – more than $37 Million – to develop marine and hydrokinetic (MHK) technologies.
Without doubt, it has been a difficult spring and summer for the oil industry. Three major oil spills, each of which is the largest their affected area has ever endured. The Kalamazoo River in Michigan is the latest victim, with an estimated 1 million gallons floating with
After a long process of application and waiting, four flagship projects have been awarded $128 million (USD) in grants by the Australian Government.
The projects were selected from 61 possible applicants to the Australian Renewable Energy Demonstration Program (REDP), which has been deliberating since last April.