FERC Issues License for First US Wave Energy Project

Ocean Power Technologies, a New Jersey-based renewable energy company, announced on August 20, 2012 that the Federal Energy Regulatory Commission (FERC) issued a license for its 1.5 MW Reedsport wave energy park, the first of its kind in the U.S.  The 35-year license approves the operation of up to 10 devices that can generate wave…