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
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