“ORPC’s talented US product development teams have created a suite of renewable power systems that are now ready for commercialization and capable of competing in the global marketplace,” said ORPC President John Ferland.
680,000 clean jobs predicted
Marine energy could create 680,000 jobs and save 500 million tons of CO2 emissions according to the International Energy Agency.
“Developing and deploying solutions to address the energy needs of remote and climate impacted communities, like those in northern latitudes, is critical to achieving both the Administration’s goal of a decarbonized electricity sector, but also to our commitment to ensuring energy and climate justice,” said Jenn Garson, Acting Program Manager for Outreach, Engagement, and Analysis in DOE’s Water Power Technologies Office. “Technologies like marine energy devices have the potential to produce sustainable energy at reduced cost with economic benefits and greatly reduced carbon emissions.”
“With decarbonization of power generation on the minds of consumers and policymakers internationally, we’re pleased to recognize and celebrate ORPC for their success," MITC President Wade Merritt said. "ORPC has developed and brought to market an innovative solution that’s making a difference for rural communities worldwide.”
“More than 2 billion people worldwide have limited or no access to electricity, and 700 million of them rely on diesel fuel to operate their local grids,” Ferland said. “As a result of the complex logistics of getting diesel to these remote communities, local electricity costs can be 10 times what consumers on utility-scale grids in the U.S. pay.”
ORPC has responded to inquiries from 20 countries in just the last 12 months due to strong global interest in aggressive climate change mitigation and development of more localized and resilient renewable energy sources. The global market is estimated at nearly $400 billion.
