February 12, 2013

Ocean Renewable gets Fast Company nod

By Jessica Hall jhall@pressherald.com
Staff Writer

PORTLAND — Portland’s Ocean Renewable Power Co. got a nod from Fast Company as one of the world’s most innovative energy companies for its tidal energy project.

click image to enlarge

John Ferland, vice president of project development with Ocean Renewable Power Co., stands inside one of the company's all-composite tidal turbines.

2010 Staff File Photo /John Patriquin

The company, which is headquartered in Portland and has operations in Florida and Alaska, landed as No. 8 on Fast Company's list of top energy companies.

Ocean Renewable developed the nation’s first commercial, grid-tied tidal turbine in Cobscook Bay.

The company was cited “for reining in the power of the ocean current to launch the first tidal energy project in the United States."

"Thanks to an investment from the DOE, the project will initially power between 75 and 100 homes, and soon expand to 1,000 households,” Fast Company said.

Fast Company's top ranking of the most innovative companies listed Nike Inc. as No. 1. Companies also got cited as innovators in their industry, ranging from data and health care to retail and robotics.

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