Oregon Iron Works lands pact for US wave farm

Dec 09, 2009 | 12:01 PM | Martyn Chase

Steel fabricator Oregon Iron Works Inc. has landed a major contract to build the first of 10 buoys for the first U.S. commercial wave energy farm, a project that could eventually create as many as 150 new jobs.

The project was disclosed by Chandra Brown, vice president of the Clackamas, Ore.-based company, at President Obama's jobs summit at the White House. It was officially announced the following day by Oregon Gov. Ted Kulongoski and Mark Draper, chief executive officer of Pennington, N.J.-based Ocean Power Technologies Inc. (OPT), which is installing the buoys.....

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