Wave Energy System Planned off Maui

Tuesday, February 05, 2008
An Australian technology company plans to build a system off the northeast coast of Maui that will use energy generated by ocean waves to create electricity, according to a report on www.bizjournals.com.

Oceanlinx Ltd., state officials and utility company executives announced the $20-million project at the State Capitol on Monday and said it will be capable of providing up to 2.7 megawatts of power to Maui Electric Co. The company's patented turbine technology works by harnessing air generated by rising and falling sea swells. The air flow turns the turbine's blades, which generates electricity. Power is then brought ashore through underwater cables to a utility substation. Oceanlinx has similar projects planned in Australia, Oregon and Rhode Island.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Ensco Announces Cash Tender Offer

Ensco plc announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5).

BG Group's Australian Project Helping to Double LNG Supplies

A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16,

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1371 sec (7 req/sec)