Ocean Power Technologies Announces PB3 PowerBuoy® Sale and Pioneering Turn-Key Ocean Sea Lab Development
- The first contract with
Enel Green Power Chile Limitada S.A. , a subsidiary ofEnel Chile , provides for the supply of a PB3 PowerBuoy® along with associated mooring system, and will provide turn-key system deployment off the coast of Las Cruces,Chile as an autonomous offshore platform powering a suite of oceanographic sensors and transmitting real-time data back to land. The scope of the agreement is in support of theMarine Energy Research and Innovation Center (MERIC) Project , an initiative that aims to diversify Chile’s energetic matrix and to convertChile into a world reference in the development of marine renewable energies.
- The second contract with
Enel Green Power Chile Limitada S.A. , a subsidiary ofEnel Chile , calls for OPT to develop and supply a state-of-the-art, turn-key integratedOpen Sea Lab (OSL). The OSL encompasses a sensor suite to be powered by the PB3 PowerBuoy®, as well as an integrated shore-based wave radar system. The sensor suite will comprise an Acoustic Doppler Current Profiler (ADCP), a device which is used to measure water current velocities over a depth range, water sensors, and mooring load sensors. The design and buildout of the OSL will be spearheaded by OPT’s Innovation and Support Services vertical. Deployment of the OSL is expected within the first half of 2020.
“Enel Green Power is working to explore and develop the marine energy technology segment in
“These agreements highlight OPT’s ability to deliver turn-key solutions for our customers, including design and integration of custom payloads and providing offshore deployment services,” said
The PB3 PowerBuoy® integrates patented technologies in hydrodynamics, electronics, energy conversion, and computer control systems to extract the natural energy in ocean waves. The result is a leading edge, ocean-tested, proprietary autonomous system that turns wave power into reliable, clean, and environmentally beneficial electricity for offshore applications. The PB3 PowerBuoy® can be customized to fit customer needs, including monitoring, surveillance, subsea charging and connectivity for the offshore oil and gas industry, science and research, and telecommunications markets.
“EGP is a world leader in delivering renewable energy and the opportunity to deepen our working relationship with a pair of contracts for such a high-profile and important endeavor validates the tremendous work from our expert team at OPT,” added Mr. Kirby. “As our first deployment in
OPT’s contracts with EGP follow closely on the heels of the company’s successful PB3 PowerBuoy® deployment in the
About
About
Headquartered in Monroe Township, New Jersey, Ocean Power Technologies aspires to transform the world through durable, innovative and cost-effective ocean energy solutions. Its PB3 PowerBuoy® and the near-term availability of its hybrid PowerBuoy® and Subsea Battery Solution, along with its Innovation and Support Services provide clean and reliable electric power and real-time data communications for remote offshore and subsea applications in markets such as oil and gas, defense and security, science and research, and communications. To learn more, visit www.oceanpowertechnologies.com.
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Email: ocean@plrinvest.com
Phone: 212-564-4700
Source: Ocean Power Technologies, Inc.