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Maine's New Energy Project10:22
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Low tide on Cape Cod (AP)
Low tide on Cape Cod (AP)

A company in Eastern Maine is diving into the one of the country's least tapped sources of renewable energy: the ocean.

The Federal Department of Energy has estimated that there's so much power in the ebb and flow of coastal waters, that if harnessed correctly, tidal power could generate up to one-third of the nation's total annual electricity needs. Yet tidal power hasn't seen anywhere near the attention that solar and wind have seen in the past decade.

Ocean Renewable Power Company is developing the country's first commercial-scale tidal power generator in Eastport, Maine, which chief executive Chris Sauer is hoping will become the Kitty Hawk of ocean power.

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This segment aired on July 25, 2012.

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