Ocean Energy Teams up With Vigor to Build Energy Converting Buoy

MarketScale
MarketScale
Feb 1, 2018
Learn more
Share this post
Irish company Ocean Energy revealed that they are partnering with Oregon-based Vigor to build their OE Buoy wave energy converter. The Buoy will be deployed at the U.S. Navy’s Wave Energy Test Site on the windward coast of the Hawaiian island of Oahu in the fall of 2018.
The 826-ton OE Buoy measures 125 feet x 59 feet with a draft of 31 feet and has a the potential to generate up to 1.25 MW in electrical power production. Each deployed device could reduce CO2 emissions by over 3,600 tons each year, which in a 00 MW wave farm capacity could power up to 18,750 American homes.
“We are thrilled to be participating in this project with Ocean Energy toward the ongoing goal of a cleaner energy future for our planet,” says Frank Foti, CEO of Vigor. “This project represents a solid step forward in developing a commercially viable product to help move us in that critical direction.“[1]
According to the company press release, The $12million project is part-funded by the US Department of Energy’s office of Energy Efficiency and Renewable Energy (EERE) and the Sustainable Energy Authority of Ireland (SEAI), under an agreement committing the American and Irish governments to collaborating on Marine Hydrokinetic Technologies.

Follow us on social media for the latest updates in B2B!

Latest

VIctor Kippes discusses AI and event technology
AI is Revolutionizing Event Technology in Ways That Will Transform How Attendees Experience Future Events
November 28, 2023

AI has been gradually changing the landscape of event technology at a very rapid pace. In an industry where staying ahead of technological trends is crucial, AI’s impact on marketing and event management has become increasingly significant. As witnessed in the rise of account-based marketing and enhanced personalization, AI is effectively reshaping how events […]

Read More
leadership and social flow
Transforming Our Relationships with Leadership and Social Flow with Tribute Founder Andrew Horn
November 28, 2023

Can relationships be transformed through leadership and social flow? Navigating the intricate web of digital relationships can be a tricky proposition. Tuesdays with Morrisey’s Adam Morrisey uncovers the transformative impact of emotional recognition in the workplace with Andrew Horn, the mastermind behind Tribute. This podcast edition unravels the story of a platform redefining how […]

Read More
IoT security
IoT Security Solutions for the Safety of Connected Homes Requires Collaboration and Innovation
November 28, 2023

Since the introduction of smart devices, the world has increasingly become dominated by interconnected devices but IoT securitydemands are also growing. The “connected home” has shifted from what was once a futuristic concept to reality. With the global smart home market projected to reach $135.3 billion by 2025, the conversation around the security of these […]

Read More
Related
Software & Technology
Review of Hydrogen Technology Exhibition
November 13, 2023
Healthcare
Strength in Science and Mission: A Swift Critical Response
November 10, 2023

Technetics stands out in its field due to a remarkable blend of factors that set it apart from the competition. With a rich history spanning 150 years, the company has amassed a wealth of sealing expertise. Its team comprises numerous experts, including PhDs in material science, who contribute deep knowledge to every project. Moreover, Technetics […]

Read More
Healthcare
Revolutionizing Critical Industries with Innovative Elastomer Products: A Look Into Technetics’ High-Tech Applications
November 3, 2023

Stéphane Guignard, Director of Strategy and Product Management at Technetics Group, discusses the company’s efforts to enhance the mechanical, chemical, and temperature resistance of elastomer products. Through the utilization of cutting-edge simulation sciences like Finite Element Analysis (FEA) and digital twins, he elucidates the process of predicting the durability and behavior of seals. The video […]

Read More