ORPC to Receive $10 Million to Generate Grid- Connected Ocean Energy

September 13, 2010 ORPC to Receive $10 Million to Generate Grid- Connected Ocean Energy

WASHINGTON, DC – Today, Senators Olympia J. Snowe and Susan Collins and Representatives Mike Michaud and Chellie Pingree announced that the U.S. Department of Energy (DOE) is awarding Ocean Renewable Power Company (ORPC) up to $10 million in matching funds to advance the company’s tidal energy technology on a commercial scale at its project site in Cobscook Bay off Eastport and Lubec. An initial $2.7 million in funding will be available to the company this year for the three-year project.