Published by: Renewables Now

May 29 (Renewables Now) – OceanBased Perpetual Energy LLC hopes to install hundreds of megawatts of power generating capacity off the southeast coast of Florida as part of what it believes would be the world’s largest commercial ocean current energy project.

OceanBased said in a statement today that it will team up with Florida Atlantic University’s Southeast National Marine Renewable Energy Center (SNMREC) to develop the said project. The two parties have entered into a memorandum of understanding (MoU) for that purpose.

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