It's a familiar story, here in green&sustainable Oregon. SoloPower's failed, SolarWorld is failing, "wind giant" Vestas is slashing jobs, ReVolt never managed to do more than rent a trailer and a phone line. Ocean Power Technologies was going to be the "wave of the future", but they couldn't get a test buoy running off the coast of Reedsport, as promised. Heck, they couldn't even keep all of the anchors that were supposed to tether the thing; they lost one of the three for a while, back in February.
Now, a "prototype buoy" is sitting at Oregon Iron Works' Vancouver facility, and the state's told OPT to get rid of their remaining anchors, pronto. Having lost some $10 million a year since 2007, they're mostly looking for more money right now. But honest, at some point they're going to have ten buoys in the water, which will generate enough "clean, renewable" energy to power a whopping 375 homes. Real Soon Now. Really.
