Latest articles on PowerBuoy

Ocean Power Technologies to develop a demonstration wave power station in Japan

(13/10/2009)

Ocean Power Technologies, Inc. has signed an exclusive agreement with a consortium of three leading Japanese companies to develop a demonstration wave power station in Japan. The Japanese consortium comprises Idemitsu Kosan Co., Mitsui Engineering & Shipbuilding Co., and Japan Wind Development Co. (the “Consortium”). Further, OPT has been invited to become a member of the Tokyo Wave Power Initiative, a committee including the city of Tokyo, regional governments and national agencies involved... [more]

Ocean Power Technologies receives $2m grant to test PowerBuoy ocean wave energy system

(02/10/2008)

Ocean Power Technologies, Inc. has received a US$2.0 million award from the US Department of Energy (DoE), in support of OPT’s wave power project in Reedsport, Oregon. The DoE grant will be used to help fund the fabrication, assembly and factory testing of the first PowerBuoy® to be installed at the Reedsport site. This system will be a 150 kilowatt-rated PB150 PowerBuoy, major portions of which will be fabricated and integrated in Oregon. This is the first award for the building of ocean wav... [more]

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