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|Articles - May 2011|
|Wednesday, April 20, 2011|
Page 1 of 5
By Lee van der Voo
At the center of the debate is an oyster. It has no shell, stands over three stories tall and the muscle of its jaw is a pair of hydraulic pistons. When it anchors to the ocean floor, it arrives on a crane. More than $80 million is behind the scouting effort for its next home.
The Oyster (capital O) is Aquamarine Power’s answer to ocean energy. It generates power by capturing waves and pushing them to drive a hydroelectric turbine onshore. Fashioned in arrays, an Oyster farm can generate 100 megawatts of power a year, more lucrative than pearls. For the past six years, Scotland-based Aquamarine Power has been intensely focused on deploying it in wave-rich parts of the world, Oregon included.
As the search to bed the Oyster off Oregon mounts, this hulk of technology has become a symbol of the state’s planning savvy for some, a case in point for why Oregon has spent nearly three years drawing invisible lines around the ocean, zoning where such projects can locate.
But for local champions of a wave-energy industry still in its global infancy, the Oyster has become emblematic of something else: zig-zagging policy regarding ocean energy and the state’s own tendency to trip over its mixed directives, sometimes with bitter consequences for business.
“A few years ago a bunch of really smart people got together and identified areas of opportunity for the Oregon economy,” says Jason Busch, executive director of the Oregon Wave Energy Trust (OWET), a state-funded nonprofit that’s been charged with growing the wave industry since 2007. “A lot of people smarter than me — I’m talking major business leaders around the state and political leaders through the Oregon InC process — thought ocean energy presented the highest beneficial impact to the Oregon economy.”
Since that effort created OWET, Busch says, “We’re out there talking to different companies trying to get them to come to Oregon, and then three years into the process all of a sudden the state says, uh, we’re not going to process any permits for the next 18 months or two years.”
Energy developers were what galvanized the surreal process of zoning the ocean, when a rush on lease applications in 2006 and 2007 prompted the Oregon Division of Land Conservation and Development to begin blocking out portions of the ocean for sensitive habitat, fishing, recreation and coastal views, among other things, in 2008.
But the Oyster has complicated matters by hitting the water faster than the new zoning rules. In December, Aquamarine Power applied for leases along 7,000 acres of the Oregon coast, aiming to deploy four testing devices to gauge conditions for the Oyster’s new home. The Oyster would ultimately occupy much smaller sites, about 70 feet deep by 1,400 feet long.
The state’s message to the water-ready wave company?
Tuesday, March 31, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
inDinero, a business that manages back-office accounting for startups and smaller companies, recently announced it would relocate its headquarters from San Francisco to Portland. We talked to CEO Jessica Mah about what drew her to Portland and how she plans to disrupt the traditional CPA model.
Wednesday, April 01, 2015
BY LINDA BAKER
Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.
Thursday, March 19, 2015
BY DAN COOK | Photos by Jason E. Kaplan
An alliance of developers, academics and timber industry executives wants to position Oregon as a front runner in the glamorous new world of wooden skyscrapers.
Friday, March 27, 2015
BY LINDA BAKER
My daughter turned 18 last week, and for her birthday I got her a Car2Go membership. Not to label myself a disruptor or anything, but it felt like a groundbreaking moment. The two of us, mother and child, were participating in a new teen rite of passage: Instead of handing over the car keys, I handed over a car-sharing card — with the caveat that she not use the gift as her own personal car service.
Friday, March 06, 2015
BY JEFF DELKIN | OP-ED CONTRIBUTOR
As a local business owner, I believe it’s important to build our economy on a platform of conservation values.
Friday, April 17, 2015
PHOTOS BY JASON E. KAPLAN
The 32nd annual CBC attracted a record number of attendees (11,000) to the Oregon Convention Center.
Monday, April 27, 2015
10 briefcases that mean business.
|The Good Hacker|
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|It's a Man's Man's Man's World|
|Fighting Fire With Fire|
|Shades of Gray|
|Comcast reaching tipping point in Internet subscribers |
|SurveyMonkey CEO dies|
|Labor groups hope franchisees will join fight against fast-food companies|
|Special fee to ship oil proposed|
|Jeff Bezos launches spaceship|
|General Motors pledges $5.4B in US plants|
|Under Armour innovation chief alive after Everest avalanche|
New conference aims to solve challenges, quell fears amid regulatory changes.
Tourism marketing supports entrepreneurship by attracting visitors to all corners of the state.
Beaverton firm's business intelligence platform rivals that of industry heavyweights.
Earlier this month CEO of Gravity Payments, Dan Price, disrupted the payment inequality discussion worldwide by compassionately raising the minimum salary for each one of his 120 employees to $70k and cutting his $1M salary down to $70k.
Thinking about an MBA? Join us for our upcoming Wine & Cheese Information Session to learn more about Concordia University's MBA program.
Providing attendees with unique taste of the Northwest Reception.