The following is from the U.S. Department of Energy:
Impacts of OPT’s Project
- While it is unfortunate that this project will not be completed, we have gained valuable information that can be used to further marine and hydrokinetic technology projects in the future.
- OPT's PB150 project was one of the first ocean energy projects to go through the FERC licensing process. Their experiences and lessons learned will help others to navigate the permitting and approval processes that are still relatively new for most U.S. agencies and energy developers. As part of this process, OPT agreed to use adaptive management strategies for addressing environmental uncertainties. Information on OPT's licensing process and environmental study plans have been shared on Tethys, which is a public database created by the Energy Department to facilitate the sharing of data and best practices among ocean energy developers and regulatory agencies.
- OPT also leveraged Lockheed Martin's expertise in manufacturing that can serve as a model for design improvements to the device structure and drivetrain components that will ultimately reduce the cost of building commercial production units in the future.
Potential Impact of Wave and Tidal Energy
- The United States uses approximately 4,000 terawatt hours (TWh) of electricity per year. Recent wave and tidal resource assessments, combined with preliminary results from ongoing DOE assessments of ocean current, ocean thermal, and hydropower opportunities, indicate that water power can potentially provide 15 percent of our nation’s electricity by 2030.
- The Department’s latest nationwide wave and tidal energy resource assessments identify up to 1,400 terawatt hours of potential generation per year. One terawatt-hour of electricity alone is enough to power 85,000 homes, and developing a small fraction of the available wave and tidal energy resource could allow for millions of American homes to be powered with this clean, reliable form of renewable energy.