Finavera's AquaBuoy prototype is asleep in the deep.
The company placed a 72-foot-long buoy in the waters off of Oregon in September as part of an ongoing effort to assess the commercial potential for wave power. The buoy, however, sunk in 115 feet of water on October 27, according to a report on RenewableEnergyAccess.com.
"It seems to have something to do with the float section of the device," Myke Clark, a Finavera employee, told the Web site. After water started coming in, the bilge pump couldn't get rid of the water fast enough.
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