The Grays Harbor Ocean Energy Company was founded in 2007 in Seattle, Washington to develop large offshore renewable energy projects with focus on the USA.  The president, Burton Hamner, is uniquely qualified and experienced to make the company successful in partnership with other firms and organizations.  In 2007 he assembled a consortium of companies and won the contract for the Tacoma Narrows Tidal Power Feasibility Project for the City of Tacoma, Washington.  The study was done by eight consulting firms and three university professors under his direction.  This study evaluated the ocean energy, technology, environment, permit requirements, economics and other factors needed for a successful ocean energy project.  It concluded that tidal power was not economically competitive for the city's needs.   During the study, the engineering team examined the outer coast of Washington at Grays Harbor and discovered the potential for a very large offshore wind project that can be built using existing technology.  The team identified a specific foundation and turbine combination that make a large project technically feasible in deeper water than has been done in the past in the UK and Europe.  The team also invented several ways to generate more power from wave energy converters attached to the foundation.  Following these discoveries the Company was founded to capitalize on them. The Company filed an application to the Federal Energy Regulatory Commission (FERC) for a preliminary permit leading to commercial power generation license and a demonstration of the offshore wind/wave technology solution.  The application covers two demonstration sites for one unit, off of Ocean Shores and Westport, Washington.  This was granted on July 30, 2008.  The preliminary permit gives the Company priority for a commercial license. On October 16, 2008, the FERC announced it asserts jurisdiction over hydropower including wave and tidal power in all Federal waters beyond the state limit (usually 3 miles) offshore, and that its regular permitting process would apply.  This announcement was a surprise as the Minerals Management Service of the Dept. of the Interior has previously asserted its sole jurisdiction over alternative energy development in Federal waters.  The Company decided to use eight restrictive criteria to identify sites in high-cost power markets where offshore wind/wave power will be economically competitive,  Seven sites in six states fit the criteria.  The Company filed seven applications to FERC to obtain development rights to the sites.  These have been posted by FERC for public comment.  The applications are only for wave power on fixed platforms, they do not include wind power because FERC does not regulate wind power.  But wind turbines could be added to the platforms under regulation of FERC.  Wind power generation would be regulated by the MMS. If the seven sites are all developed they can produce up to 7700 MW of clean renewable energy, enough for about 2 million homes, close to large populations that need it badly.  Total construction cost is expected between $20 billion and $30 billion.  Net cash flow is expected between $3 and $5 billion per year for the 30-year design life.  All the sites are in Federal waters and use the same technology package and layout, and therefore should be managed as one project at the Federal level, with site-specific management at the regional level.  This is a long-term large investment in clean energy and it can be profitable for private investors under realistic future scenarios.  The Company has established a core team that is capable of making this vision a reality.