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Ocean Renewable Power Company
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Short description

Marine Hydrokinetic (tidal and river) power systems and project development company

Founded in 2004
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector hydro & marine

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Portland, ME Portland, United States
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Updated by Christopher Sauer at Ocean Renewable Power Company on 09/10/2015

Edited by Cleantech Group on 09/04/2020

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Date Company
04/24/2012

Central Maine Power Central Maine Power

Central Maine Power has signed a power purchase agreement with ORPC for the power generated by the company's Cobscook Bay Project.

Confirmed by Central Maine Power

Partnerships
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Date Partner Type
07/18/2011
Fundy Tidal Fundy Tidal
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Confirmed by Fundy Tidal
Project Development
Investment Rounds
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IPO INFORMATION

Date

IPO status

IPO Type

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Exchange listed

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Description

Date Investors Type Amount
08/19/2021 (0)
Post-money valuation of
This debt funding was disclosed via regulatory filing.
Structured Debt $8,800,000
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Products
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Product image Name Product status Revenue model Cost metrics

RivGen Power System

Self-deploying river power system with rated capacity of 25 KW

$/kW (current)
$/kW (projected)
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$/kWh (projected)
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