The company has submitted an application with the Federal Energy Regulatory Commission for a preliminary permit. The site will be off of the coast of Mendocino County. Chevron has form Chevron California Renewables Inc.
The project will be managed by Raymond Cunningham, Kim Copelin a spokeswoman for Chevron had the following to say about the project;
"At this point we want to get more information and assess whether this is technologically and environmentally feasible,"
Chevron has sales and operating revenues of over $205 billion USD and a net income of $17.1 billion USD. Adding to this are over 62,000 employes making the company the second largest integrated energy company in the United States.
For additional information:
http://www.chevron.com/ http://www.chevron.com/technology/new_energy_technologies/renewable_energy.asp
