Ocean Power Technologies News

 

Ocean Harvesting's Wave Energy Converter to Feature Buoy Made of High-strength Concrete

May 06, 2022

Sweden-based wave energy technology company Ocean Harvesting said Friday it was developing a novel concrete hull for the prime mover (buoy) of its InfinityWEC wave energy converter that is set to undergo sea trials later this year.According to the company…

Putting Power on the Seafloor is a Fuel Cell Future

Mar 01, 2022

Two outfits, one in Germany and one in the US, are chasing a goal of supplying long-term subsea power in remote locations, via fuel cells, to users including oceanographic observatories to underwater vehicles. Elaine Maslin takes a look.Long…

FID Reached for Floating Wind Project in France

Jan 27, 2022

Offshore wind energy developer Ocean Winds and the “Banque des territoires” as shareholders of the Eoliennes flottantes du golfe du Lion (EFGL) project, have reached the Final Investment Decision, committing to the construction of a floating wind project in France…

Eco Wave Power to Ring Nasdaq Bell

Jan 19, 2022

Wave energy technology firm Eco Wave Power said Wednesday it would hold its official bell ringing ceremony on Nasdaq Stock Market on Thursday morning, at 9:15 a.m.  ET to celebrate becoming a public company on the Nasdaq U.S.  Eco Wave Power began its trading on the Nasdaq on July 1…

Wave Energy Firms Eco Wave Power, Ocean Power Technologies Team Up

Jan 13, 2022

Wave energy technology companies Eco Wave Power and Ocean Power Technologies, Inc.  (“OPT”),  said Thursday they were working to utilize their complementary technologies and skills to accelerate wave energy projects, under an agreement previously signed…

EC-OG's Subsea Battery For "World-first" Autonomous Offshore Power Trials in Hawaii

Jan 10, 2022

Aberdeen-based subsea battery developer EC-OG has made the first commercial delivery of its Halo subsea battery storage system. The lithium-ion-based device will be part of 'a world-first autonomous offshore power sea trial' in Q1 2022 at the US Navy Wave Energy Test Site…

Ocean Power Technologies Names New CFO

Dec 13, 2021

Ocean Power Technologies has appointed Robert P. (Bob) Powers as Senior Vice President and Chief  Financial Officer, effective December 13, 2021.Powers brings more than 25 years of experience in finance and strategy to OPT, most recently as CFO of Constellation Advisors…

Six Offshore Renewable Tech Developers Get EU Support

Dec 07, 2021

The EU-funded Ocean DEMO project has awarded recommendations for support to six offshore renewable energy developers under its fourth call. The awards support developers on their path to commercialization and ease the transition of ocean energy…

OPT Buys Autonomous Surface Vehicle Maker MAR

Nov 16, 2021

Wave energy solutions provider Ocean Power Technologies has acquired Marine Advanced Robotics, Inc. ('MAR'), a California-based developer and manufacturer of autonomous surface vehicles (ASVs). 'This acquisition immediately provides OPT with an established…

Ocean Winds, Principle Power in French Floating Wind Team-up

Nov 16, 2021

Ocean Winds, a partnership between ENGIE and EDP Renewables, and Principle Power, a designer of floating wind turbine foundations, will cooperate to design the floating platforms for France’s first commercial-scale floating wind tender.In September this year…

Blue Ocean Seismic Services Completes Sea Trials

Oct 12, 2021

Blue Ocean Seismic Services reports it has completed a series of passive and active sea trials in the North Sea using a DP2 class Multi Role Vessel. When tested at various weights, the company’s underwater autonomous vehicle successfully and…

U.S. DOE Awards Grant for OPT's Next-gen Wave Energy Converter

Aug 17, 2021

U.S. Department of Energy (DOE) has awarded a grant to wave energy solutions provider Ocean Power Technologies to further the development of a next-generation wave energy converter.'Investment by the U.S. government towards the commercialization…

Ocean Power Technologies Announces Leadership Changes

Jun 21, 2021

Ocean energy technology developer Ocean Power Technologies, Inc. (OPT) announced on Monday that Philipp Stratmann has been appointed as its new president and chief executive officer, and a director, while Matthew T. Shafer has been promoted to senior vice president…

OPT's PowerBuoy Deployed Offshore Chile

Apr 22, 2021

Ocean Power Technologies, Inc. (OPT) said Thursday that Enel Green Power (EGP) has deployed OPT's PB3 PowerBuoy off the coast of Las Cruces, Chile to support the country’s transition to clean energy.OPT’s PB3 PowerBuoy converts wave motion into…

MP Quantum to Deploy Ocean Sun's Floating Solar Tech in Greece and Cyprus

Mar 30, 2021

Ocean Sun, a Norway-based developer of floating solar technology, has signed an agreement with MP Quantum Group to deploy Ocean Sun's floating solar solution in Greece and Cyprus.Børge Bjørneklett, CEO and founder of Ocean Sun said: “We are…

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