In February, the industry received a setback when Finavera Renewables filed with FERC an application to surrender the first hydrokinetic license issued by the agency. The conditioned license was for a project to construct and operate the 1-megawatt Makah Bay Offshore Wave Energy Pilot Project, offshore from Clallam County, Wash.
Congress has also been boosting its policy support for wave energy, including bills from Sen. Lisa Murkowski (R-Alaska) and Rep. Jay Inslee (D-Wash.) authorizing the Energy Department with up to $250 million annually for marine-power research, development and deployment efforts, as well as a technology verification program and $30 million in President Obama's 2010 appropriations request.
Reprinted from Greenwire with permission from Environment & Energy Publishing, LLC. www.eenews.net, 202-628-6500