Fall River, MA – Ocean Renewable Power Company, today announced that it has secured an additional $1 million in funding in the form of a convertible preferred equity bridge financing from California-based Quercus Trust.

Today's announcement provides additional funding for the development of Ocean Renewable Power Company's (ORPC) proprietary technology for the generation of electric power from ocean tidal resources. Potential for tidal energy capacity in the United States and Canada is as high as 20,000 megawatts.

"We are pleased to have an experienced renewable investor such as Quercus Trust as our lead investor,” stated John Cooper, ORPC's CFO.

"ORPC is clearly a pioneer in tidal energy with our OCGen™ technology. We are delighted to partner with Quercus Trust as they expand their portfolio of green-tech and renewable energy investments” Quercus Trust has invested in solar , fuel cell and bio-gas technology companies with great success. ORPC's President and CEO, Chris Sauer, is equally pleased, “this investment allows us to continue our aggressive path towards commercialization of our technology and projects that will provide clean, emission free renewable electricity.”

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About Ocean Renewable Power Company
Ocean Renewable Power Company, LLC (ORPC) was founded in 2004 for the purpose of generating reliable, competitive, emission-free electricity from the virtually unlimited energy resources of the oceans. ORPC is developing proprietary modular ocean current generation OCGen™ technology and incorporating it into environmentally superior, financially successful, ocean and tidal current generation projects. ORPC's principals include professionals with extensive experience in the development and financing of cogeneration, independent power and renewable energy facilities, and in the management of technology development and startup companies. ORPC is currently deploying and testing its OCGen™ Turbine Generator Unit at its Western Passage, Maine site. For more information about Ocean Renewable Power Company, visit www.OceanRenewablePower.com.