Renewable Energy Companies Oregon
Renewable Energy Companies Oregon – Vigor announced on Thursday that it has completed construction of the OE 35 Buoy, an Irish-based ocean wave energy converter.
The 826-ton vessel measures 125 feet by 59 feet, has a draft of 31 feet, and has an electrical power generation capacity of up to 1.25 megawatts.
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The buoy is “L” shaped with a long open section below the waterline and a turbine above the waterline. When water enters the open space, it pushes air up, which turns the turbine into electricity. As the water evaporates, it creates a vacuum and air flows in to fill it, causing the turbine to turn and repeat the cycle.
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“Oregon as a state is really buying renewable energy and buying ocean energy and has been doing it for the last 15 years,” said Ocean Energy CEO John McCarthy.
“So they were at the forefront of product concept and development and helped shape government policies.”
The canal will launch off the Oregon coast and make a 25-day journey to the US Navy’s Tidal Energy Experiment Station over a 12-month period.
“These are power plants so they last 30, 40, 50, years, so that’s the kind of time you see in these devices, these are power plants,” McCarthy said.
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The US Department of Energy’s Office of Energy Efficiency and Renewable Energy, along with the Irish Sustainable Energy Authority, provided $12 million in funding.
“We hope that Oregon sets a false precedent for the rest of the country that we must choose between a strong economy and a healthy climate,” said Allan Sprott, vice president of Vigor Environmental Services.
“At Vigor, we believe, and have demonstrated with this project, that clean energy technologies are an important part of our manufacturing economy that can drive jobs to engineer and build the clean energy infrastructure of the future.”
The United States has large wave energy resources offshore that can supply up to 15 percent of the nation’s annual electricity needs. In Oregon alone, the potential local economic value is estimated at $2.4 billion per year with 13,630 jobs involved.
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“As we transition to a clean energy economy, we must recognize that the high capacity and potential of ocean energy can help us meet our clean energy needs, but we must also create more jobs with good wages,” said Congresswoman Susan Bonamici, Oregon Democrat.
Ocean Energy’s long-term plan is to build five more tugs for deployment at the Oregon Wave Energy Experiment Station off the coast of Newport, Oregon.
Subscribe to important North West news and culture delivered to your inbox six days a week. Portland General Electric (PGE) is a Fortune 1000 public utility based in Portland, Oregon. It distributes electricity to customers in Multnomah, Clackamas, Marion, Yamhill, Washington and Polk counties, which represent 44% of Oregon’s population. Founded in 1888 as the Willamette Falls Electric Company, the company has long been an independent company, although it was owned by the Houston-based Rhone Corporation from 1997 to 2006, when it separated from the PGA during bankruptcy.
Notably, PGE does not serve all of Portland. Its service area covers most of Portland west of the Willamette River, while most of the city east of the river is shared by Pacific Power.
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PGE produces and purchases electricity primarily from coal and natural gas-fired power plants, as well as hydroelectric power on the Clackamas, Willamette and Deschutes rivers.
Between 1976 and 1993, PGE operated Oregon’s only nuclear power plant, Trojan. Trojan is the subject of three Oregon initiatives to close. The initiative failed, but the company chose to close the plant twenty years ago.
The facility was founded in 1888 by Parker F. Maury and Edward L. Eastham as the Willamette Falls Electric Company. On June 3, 1889, the first electricity was generated at Willamette Falls over a 14-mile power transmission line to Portland by one of four brush arc lantern dynamos.
In the year On August 6, 1892, Morey, Frederick Van Voorhis Holman, and Harry Filing founded the Portland General Electric Company.
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It is funded by the investment arm of General Electric and Old Colony Trust with a capitalization of $4.25 million.
The newly formed PGE Company purchased Willamette Falls Electric and the Albina Light and Water Company in 1892.
Less than a year later, in May 1893, PGE purchased the City-East Electric Light Plant, a municipal electric company.
Portland historian E. Kimbark McCall called it a “generous gift for a private company to the taxpayers of the future” because it was built for $40,342 and sold 15 months later for $27,000.
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In 1903, PGE President Henry W. Goode decided to make PGE “a common public utility.” His vision was for the company to start the Lewis and Clark National Exposition in 1905. The plan worked, and Thomas H. Wright was commissioned to light the exhibit.
PGE bought the Union Power Company in 1905, and the Vancouver Electric Light and Power Company in 1906.
In 1906, PGE, the Portland Railroad Company, and the Oregon Water Power and Railroad Company merged to become the Portland Railroad, Light and Power Company (PRL&P).
The company name became Portland Electric Power Company (PEPCO) in 1932. It was reorganized as PGE in 1948.
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The bonds were held by PGE (a power entity) and Portland Traction Company (a tram subsidiary) as collateral, with the Guaranty Trust as trustee.
PEPCO filed for Chapter X bankruptcy (now called Chapter 9) on April 3, 1939, and District Judge James Alger granted the bankruptcy.
The process has since been called “one of the longest and most complicated legal processes in Portland history.”
The bond reorganization and forfeiture came as a result of PGE’s difficult negotiations with Bonneville Power management, according to Seattle light city visionary J.D. Ross’s death and his reluctance to create a public utility district on PGE territory.
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PGE survived bankruptcy in part by buying cheap electricity from the BPA in late 1939, and by the end of 1941 they were showing a net profit.
Finally, PEPCO and PGE survived World War II, which led to the construction of three Kaiser ships and the city of Vanport, Oregon, to support them.
After the war in August 1946, they were able to sell Portland Traction for $8 million in cash. Judge Pay determined that the bankruptcy reorganization was complete on June 29, 1946.
On July 1, 1997, Ron Corporation purchased PGE for $2 billion in stock and $1.1 billion in debt. In 1999 and again in 2001, Ron tried to sell PGE to utilities owned by other investors, including Portland-based NW Natural.
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PGE corporate officials said the utility was not involved in the owners’ financial dealings, noting that many of its employees suffered freezes in their 401(k) retirement plans and were unable to sell inventory. However, Kay Harrison and Joseph Hirko, PGE’s CEO and CFO at the time of the merger, were charged primarily with crimes related to financial fraud, including Ron Broadband Services, a PGE group of companies. Office. In addition, West Coast Trading Desk CEO Timothy Beld and John Forney, a powerful trader who invented various electronic trading strategies such as the Death Star, worked on the trading floor at PGE’s corporate offices and were convicted of financial crimes in California. Electricity crisis.
Residents have made several proposals since the 1960s to convert all or part of PGE into a Public Utility District (PUD), the last being in 2003. It has mostly failed, but an exception occurred in 1999, which he announced. PGE’s customer base in St. Hales, Scappoose and Columbia City to Western Oregon Electric PUD for $7.9 million. The contract for this sale calls for leaving the physical assets of the distribution system – poles, cables and other components – to Ron, who is exempt from state regulations as a contractor for the system. Although $71,592 was spent on advertising, compared to $2,304 on supporters, voters’ lack of confidence in Rhone and PGE made it difficult for voters to approve the measure. This allowed all three cities to be part of the Columbia River PUD in a very convenient way for the customer; Electricity prices in these cities soon fell, and are lower than current PGE customers.
Worried about the uncertainty of Ron’s bankruptcy, some local governments began to consider rejecting the PGE acquisition. These studies were completed on November 17, 2003
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