A new Forrester study finds that capital spending on greentech and emergy conservation will continue as corporations carefully measure where the money goes next year. And some start-ups are boldly forging ahead. Grays Harbor Ocean Energy has applied for federal approval to build seven offshore wave energy installations around the coastal U.S. Here's what their website says about the proposed electricity generating facilities:
"The Company has applied for federal preliminary permits for the development of seven sites offshore of six US states, each about 100 square miles and capable of generating up to 1000 MW each. The sites are in California [two], Hawaii, Massachusetts, Rhode Island, New York and New Jersey. The permit applications are for wave power only; the wave power will be generated from platforms that can also support wind turbines."
Here's the official summary of the bill: "Directs the Secretary of Transportation to solicit proposals for projects for the financing, design, construction, and operation of an initial high-speed rail system between Washington, DC, and New York City, New York (Northeast Corridor). Requires the Secretary to: (1) determine whether a proposal is feasible; and (2) establish a commission for each corridor for which one or more feasible proposals are submitted. Directs the Secretary to report to Congress on the results of an economic development study of Amtrak's Northeast Corridor service."
This project would appear to be one of those that could fall under the rubric of public works and economic stimulus. Will we see a railroad revival in America?
The bill would require express rail service from New York to Wahsington D.C. in under two hours. Compare that to the hassle of any commercial air travel you may have done.