The Ocean Power Technologies hybrid PowerBuoy® is Coming!
(Visit www.oceanpowertechnologies.com/hybridPowerBuoy to see photos of the hybrid PowerBuoy® build in progress.)
The hybrid PowerBuoy® will offer customers remote power for subsea and topside applications, reliable data communications, and a nominal 1.5-megawatt hours of energy storage. Solar charging of on-board battery power with a clean-fueled
The hybrid PowerBuoy’s® hull design, compact size, and single-point mooring will facilitate cost-effective rapid deployment anywhere in the world and in a very broad range of sea states. Applications include monitoring, surveillance, subsea charging and connectivity for offshore industries including oil and gas, science and research, aquaculture, and telecommunications.
Discussions are underway with prospective launch customers in advance of open water testing of the hybrid PowerBuoy® planned for this spring.
“Our team designed this product to meet the offshore power needs expressed by numerous potential customers,” said
“All of our customers are focused on reducing greenhouse gasses,” Kirby added. “Offering a solution that incorporates primarily solar with propane-fueled backup power further reduces our customers’ carbon footprint. The discussions we’ve been having with customers throughout development have shown real anticipation for the capabilities of the hybrid PowerBuoy®.”
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® solution platform provides clean and reliable electric power and real-time data communications for remote offshore and subsea applications in markets such as offshore oil and gas, defense and security, science and research, and communications. To learn more, visit www.oceanpowertechnologies.com.
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Photos accompanying this announcement are available at
Contact Information Investors: 609-730-0400 x401 InvestorRelations@oceanpowertech.com Media: 609-730-0400 x402 MediaRelations@oceanpowertech.com
Source: Ocean Power Technologies, Inc.