Resolute wins sub-contractor role in a NOAA Phase I research grant award
May 23, 2008
On May 22nd RME was notified that the Phase I research grant proposal it had submitted along with partners Ocean Farm Technologies, Inc. (Principal Investigator) and the MIT Offshore Aquaculture Engineering Center (OAEC) will be funded. The topic of the research proposal is "Wave Energy Conversion to Power Offshore Aquaculture." "We're very pleased to be playing a role in this feasibility study which partners us with two leaders in the transition of the finfish aquaculture industry from near-shore to offshore locations" RME CEO William Staby said. "Having a reliable source of continuous power at sea is an enabling factor for this burgeoning industry which will help satisfy global demand for fish proteins and give severely depleted fishing grounds an opportunity to recover."