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Ocean Renewable Power Seeking Tidal Power Investors (Ind. Report)
Ocean Renewable Power
Date: 2018-08-31
In Maine, Portland-based alternative energy startup Ocean Renewable Power Co. reports it is seeking a tide of investment capital to advance its unique RivGen -- in stream -- and TidGen -- tidal -- marine power turbines.

The company is seeking $12 million in private investment in addition to a recent $6 million infusion. An initial funding round will be followed by a push for another $18 million earmarked for production startup, commercialization and marketing.

In 2017, marine energy reportedly attracted only $200 million in investments worldwide; solar energy drew $161 billion and wind attracted $107 billion, according to Bloomberg's 2018 New Energy Finance investment report. (Source: Ocean Renewable Power, Portland Press Herald, 28 Aug., 2018) Contact: Ocean Renewable Power, Chris Sauer, CEO, 207.772.7707, www.orpc.co

More Low-Carbon Energy News Ocean Renewable Power,  Tidal Power,  Ocean Power ,  

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