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|Articles - May 2011|
|Wednesday, April 20, 2011|
Page 5 of 5Industry players range from cautiously optimistic to concerned about the state’s planning process as it appears increasingly open-ended. Though all say they support the planning, and that a completed plan will have benefits — chiefly a level of certainty in permitting that’s likely to play well with investors — there is grumbling about the lack of a deadline, a basic industry need.
Justin Klure, a partner with Pacific Energy Ventures in Portland, works with several ocean energy clients at different levels of commercialization.
Developers such as Mike Morrow, a principal at M3 Wave Energy in Salem, are content with a long-term vision. M3 Wave Energy is testing a submerged power device that won’t hit the water soon. Any delay in the state’s ocean zoning plan gives his company more time to network with other ocean users, whose support he views as key to their success.
“I couldn’t take a map and put a bunch of pennies on the places that we would like to develop because there are just so many things that we don’t know yet,” says Morrow.
DLCD’s Klarin is keenly aware that some wave-energy companies are still developing technology. And that some will never have a successful water launch, like Vancouver, B.C.-based Finavera Renewables, which sank a buoy off the coast of Lincoln City before changing its name to Finavera Wind Energy in February and concentrating efforts elsewhere. Klarin notes that ocean energy companies also face hurdles in raising capital, building infrastructure and competing with other power sources, many of them cheaper.
“That’s why I don’t feel an urgency to get something done tomorrow,” says Klarin. “Our plan will be sitting around waiting for all that stuff to happen for quite a while.”
Klarin is also frustrated with developers’ approach to Oregon. “They want fast-track easy [permits]," a lower bar on environmetal reviews and regulations, and subsidies. In summary, he says, their message to the state has been, “Give us a free hand and all the money in the world and maybe we’ll do something that will benefit you.”
Yet recent activity from Oregon’s most successful wave-energy developer and also the least encumbered, OPT, shows that waiting poses real risks to jobs and economic health by stifling opportunity in an industry that clearly has room to grow.
Well capitalized from its first public offering in 2007, OPT recently contracted with Oregon Iron Works for a multimillion-dollar project to build its first 200-ton buoy. Though the contract amount was not disclosed, Bob Lurie, vice president of North America for Business Development, says it created 35 jobs at Oregon Iron Works. Once built, the buoy will need two other Oregon companies — American Bridge and Sauce Brothers — to moor, deploy and maintain it.
The project ties OPT to Oregon for a long while. But with buoys already in the water in Hawaii and other projects in the works in Scotland, Japan and Australia, OPT illustrates how wave energy companies can and do operate in the most inviting markets.
“We can say that we’ve been impressed with the earnest effort that the state is making to try to accommodate wave energy and also work with all the stakeholders to make sure it is being done in a responsible way,” says Lurie.
Though OPT will not be affected by delays in planning, he says, the goal of state planning was to create a process for developing ocean energy, something continued delays fail to offer.
Oregon House co-speaker Arnie Roblan (D-Coos Bay/Florence) says capturing the wave-energy industry remains a high priority for Oregon, as evident in the years of planning and tremendous energy directed at forming OWET. He says it’s important to have a clear understanding of current ocean users as energy opportunities are planned for, and to protect all ocean stakeholders moving forward.
“As we embark on the final stages of the sea-mapping plan,” he says, “I am confident we can address the issues raised and we’ll continue to work to keep this new industry as a vital part of Oregon’s future.”
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.
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.
Thursday, March 19, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
There are 278 companies licensed to operate as brewery, according to the Oregon Liquor Control Commission. Here are three new beer-making hubs slated to open soon.
Monday, February 23, 2015
Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.
Wednesday, February 25, 2015
BY JASON NORRIS, CFA | OB GUEST BLOGGER
Pets.com, GeoCities, eToys, and WorldCom … blasts-from-the-past that all signify the late 1990s Internet bubble. Yet we believe the dynamics of the market, specifically in technology stocks, are much different today than it was during the late 1990s.
Friday, March 27, 2015
BY OB STAFF
New events series brings magazine to life.
Thursday, March 26, 2015
Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.
The Atkinson Graduate School of Management at Willamette University has maintained its business accreditation by AACSB International—The Association to Advance Collegiate Schools of Business.