The U.S. Department of Energy has awarded Portland Based Ocean Renewable Power Company $10 million to fund a key part of their commercial-scale tidal energy development project in Cobscook Bay.
The company is partnering with the University of Maine and the U.S. Coast Guard and has received financial support from the State’s Maine Technology Institute.
Governor Baldacci said the success of Ocean Renewable Power Company is important to the entire State as public and private partners in Maine continue to aggressively pursue development of clean, renewable energy.
Maine also continues to explore opportunities with Nova Scotia for collaboration regarding research, technology and deployment of tidal energy. A two-day workshop planned for October in Nova Scotia.
Governor Baldacci and Premier Dexter signed a Memorandum of Understanding on Ocean Energy Development on July 12, 2010 to share information on renewable electricity with a focus on ocean tidal energy.
