An agreement, signed by Ocean Power Technologies and the State of Oregon this week (8th December), has laid the groundwork for the potential development of wave power facilities in Oregon. The principles established in the agreement will be first applied to the development of OPT’s Coos Bay Project in Oregon. Under a Preliminary Permit, which OPT has received from the Federal Energy Regulatory Commission (FERC) the Company is studying the feasibility of building an OPT Wave Power Station near Coos Bay, in phases up to 100 MW. The project is in the initial stages of public and agency review.

The alternative energy industry's equity compensation practices are behind those of historically high-growth technology and life sciences industries, according to a new analysis by Radford. Although investors believe that parallels can be drawn between the alternative energy industry to the early-stage Internet companies in the 1990s, equity granting practices of alternative energy companies lag measurably behind those firms in historical analysis. While Internet companies widely utilized stock options to motivate employees, the same cannot be said of alternative energy companies, despite their similarities in growth potential and the human capital of knowledge workers required to realize that growth.