Finavera Begins Construction of Wave Energy Converter

Construction is under way on the AquaBuOY 2.0 wave energy converter by Finavera Renewables destined for offshore Oregon. Fabrication of the second-generation device is under way at Oregon Iron Works in Portland, Oregon, with deployment planned for later this year.

“After years of painstaking planning and development work we are now closer than ever to realizing our goals,” said Alla Weinstein, General Manager of Finavera Renewables’ ocean energy technology group. “Work crews are busy bending steel and fabricating components for the device which we plan to test in the ocean this year off the Oregon coast.”

Test and measurement equipment will be installed on the AquaBuOY to monitor its operational performance. That information will form the basis for the follow-on development work, which will lead to plans for the optimization of design and the path to product commercialization.

“The device construction marks a key milestone in the development of AquaBuOY 2.0,” said Jason Bak, Finavera Renewables CEO. “Our next milestone will be the deployment and testing of the device, which we plan to carry out in waters off of Oregon. As we meet each of these milestones, we believe we are getting closer to making ocean energy commercially viable.”

“The start of construction is a proud moment for Finavera Renewables and illustrates our commitment to providing a new, renewable energy source for future generations,” said Bak.

Previous articleKenyon Wind Project Gets Go-ahead
Next articleSANYO Solar Cells Reach 22% Efficiency

No posts to display