Ocean Renewable Power Company Inc. (ORPC) announced that its chief executive officer and co-founder, Chris Sauer, will retire on Jan. 17, 2020. Sauer and two others started ORPC in September 2004.
After initially serving as chief technology officer, Sauer took on the duties of CEO in 2006. Under his leadership, ORPC developed its proprietary marine renewable energy technology from an initial concept to a proven renewable energy product, the RivGen® Power System. The first commercial RivGen Power System is operating in Igiugig, Alaska.
“I am most proud of the motivated, innovative and caring professionals who comprise the ORPC team,” said Sauer. “The core values which are the backbone of ORPC’s team culture and our way of doing business are exemplified in our mission to improve people’s lives, and their environment, through sustainable energy solutions.”
Sauer will continue to be involved in ORPC as an advisor. The company expects to announce his successor in early January.
ORPC says it remains committed to its founding principle of working collaboratively with all stakeholders and local contractors to create economic development opportunities. Since 2009, ORPC has spent more than $37 million in Maine and worked with more than 280 contractors and suppliers in 14 of Maine’s 16 counties. In Alaska, ORPC has spent more than $3 million working with over 80 contractors and suppliers.
In November, ORPC announced it had closed on commitments for $7.5 million in private equity, allowing it to expand its business development and sales focus in the U.S., Canada and Chile.
In addition to its Portland, Maine, company headquarters, ORPC has offices in Montreal (ORPC Canada) and Dublin (ORPC Ireland); an operations center and test site co-hosted by Eastport and Lubec, Maine; and a project office in Anchorage, Alaska.