Portland, Maine, November 7, 2019 – Ocean Renewable Power Company, Inc. (ORPC), announced today that the company has closed on commitments for $7.5 million in private equity, allowing it to expand its business development and sales focus in the U.S., Canada and Chile, and according to management, position the company for growth and profitability.
Igiugig, Alaska, July 16, 2019 – The Igiugig Village Council (IVC) and ORPC, Inc., celebrated the launch today of ORPC’s commercial RivGen® Power System, a unique sustainable solution now available to remote river communities in Alaska and worldwide.
ORPC, Inc. and Irish partner ÉireComposites Teo are pleased to announce ÉireComposites’ completion of turbines for ORPC’s commercial RivGen® Power System slated for installation in the Kvichak River, Igiugig, Alaska, this summer.
ORPC is pleased to announce it is now offering tailored leasing solutions to its customers through an exclusive relationship with Warbird Capital LLC, a private investment firm specializing in financing solutions for asset-heavy enterprises, including those in the transportation, energy, specialty metals and equipment markets.
ORPC unveiled its first commercial RivGen Power System today with the help of Maine Governor Janet Mills before a crowd of over 150 people.