Ocean Power Technologies (OPT) has secured a contract for an AI-capable PowerBuoy for an immediate delivery in the United States.This contract enables the future integration of surface and subsea sensors, and the buoy will be deployed on the East Coast.Due to the confidential nature of the contract, further details have not been disclosed.'In addition to the material growth of our WAM-V business, we are excited to continue growing our PowerBuoy business…
CorPower Ocean has secured financial backing from Vinnova, Sweden’s national innovation agency, for a project exploring the adoption of artificial intelligence (AI) for improved performance and control in wave energy technology.The WACE project…
UK-based company Global OTEC has signed a memorandum of understanding (MoU) with Brazilian research institute COPPE/UFRJ to jointly research the development and viability of Ocean Thermal Energy Conversion (OTEC) projects in Brazil.COPPE/UFRJ…
Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform.The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology…
Ocean energy company Global OTEC unveiled the OTEC Power Module concept, a system that employs ocean thermal energy conversion (OTEC) technology to provide clean power for remote offshore platforms and wells.Designed as an alternative to traditional long subsea tiebacks…
CorPower Ocean has secured $35 million (€32 million) funding in an investment round set up to support the commercial roll out of its wave energy technology.The Series B1 investment round was led by NordicNinja, the largest Japanese backed VC in Europe…
Scottish ocean energy company Mocean Energy and global controls technology specialists Proserv have signed a working partnership agreement with the aim of accelerating the development of renewables solutions for subsea operations.Together the…
Ocean Power Technologies Signs (OPT) has signed a memorandum of understanding (MoU) with Brazil’s SENAI to advance autonomous ocean developments.OPT and SENAI, short for Serviço Nacional de Aprendizagem Industrial (SENAI Innovation Institute for Virtual Production Systems from Firjan) in Brazil…
The U.S. Department of Energy has made its largest ever investment in marine energy, making $112.5 million available for the commercialization of wave energy technologies.This five-year investment is expected to significantly accelerate the design…
Ocean Power Technologies (OPT) has completed more than four months of offshore testing of its next generation PowerBuoy in the Atlantic Ocean off New Jersey.The solar and wind power equipped PowerBuoy also featured OPT’s proprietary artificial intelligence capable Merrows suite of solutions…
Mocean Energy and SubCtech have joined forces to explore how wave and solar generation can be coupled with batteries to deliver continuous low carbon power and communications to a range of subsea technologies.Scottish ocean energy pioneers Mocean…
Ocean Power Technologies (OPT) has signed a reseller agreement for its technology with Geos Telecom, a provider of maritime communication and navigation solutions in Costa Rica.The partnership marks an expansion of OPT’s presence in the Latin…
U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) has secured an order for its PowerBuoy, equipped with Merrows, the artificial intelligence (AI) capable maritime domain awareness solution.The contract with an…
U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) and UAE’s subsea technology and engineering services firm Unique Group have partnered up to offer unmanned surface vehicle (USV) services in the Middle East.Unique…
U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) has delivered first set of new unmanned surface vehicles - WAM-Vs - to Sulmara.The delivery marks a contractual milestone and delivered the first set of new unmanned surface vehicles under the previously announced $1…
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