Lucid hits Portland project stretch run, lands key investor
By Andy Giegerich
Digital Managing Editor
Lucid's Gregg Semler said the Portland project will be operational in October.
Lucid Energy officials said this week that its innovative Portland water-driven power project is nearly ready to go.
Lucid completed all of the zoning, permitting, approval and contract processes required for the Conduit 3 Hydroelectric project, or the LucidPipe Power system, for the Portland Water Bureau. The company received Federal Energy Regulatory Commission approval on the effort, which allows installation to begin later this month.
The in-pipe hydroelectric system is expected to be operational by October. It's being installed as part of a system upgrade at Southeast Powell Boulevard and 147th Street in Portland. Lucid's CEO Gregg Semler expects the $1.7 million project to generate an average of 1,000 megawatt hours of energy per year from the water flowing through the pipe, enough electricity to power 150 homes.
Lucid also signed an agreement that calls for Site Based Energy Global to serve as the project's principal investor and operator. The agreement follows a $600,000 fundraising round from an Israeli crowdfunding endeavor.
The Portland project marks Lucid's first commercial operation. The company is talking with other cities about similar projects. It plans to work on hydroelectric turbine efforts in San Antonio.
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