OPT’s PowerBuoy is ideal for offshore Oil & Gas as it derives its source of power from the very environment it is deployed in.
OPT’s technology assists to increase understanding of climate change, eco system health, energy resources and weather patterns.
OPT’s PowerBuoy provides a stable communications platform to enable expansion to existing networks.
Information from the oceans can help us understand climate change and natural disasters while also providing sources for food and energy. Persistent, reliable and cost effective instrumentation, communication, and power sources are necessary to support the maritime activities to obtain such information. Present solutions and technologies suffer from the need for costly and repetitive maintenance as well as the rather limited electric power output they provide.
Ocean Power Technologies (Nasdaq:OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity.
OPT maintains its leadership status in wave-energy-based renewable energy through research and development
OPT's PowerBuoy system integrates patented technologies in hydrodynamics, electronics, power conversion and energy storage, and intelligent computer control systems to maximize the extraction and conversion of the natural energy in ocean waves. The result is a leading edge, ocean-tested, proprietary power conversion and management system that turns wave power into reliable, clean, and environmentally beneficial electricity for offshore applications.
Ocean Power Technologies (Nasdaq:OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. OPT's proprietary PowerBuoy technology is based on a modular design and has undergone and continues to undergo periodic full-scale ocean performance validation. OPT specializes in advanced autonomous (not grid connected), cost-effective, and environmentally sound ocean wave based power generation and management technology.