Synergy, the largest utility in Western Australia, has signed a memorandum of understanding with Carnegie Corporation, promising to buy power from Carnegie’s CETO wave energy project once the project is completed. The project is still in the planning stages, and Carnegie is currently in the process of selecting a site. Initially, the CETO project is expected to generate 6 W of energy, but if it’s successful, power generation can be increased later to 50 MW. … Read the rest
Tag Archives: Wave Energy
Ocean Power Technologies (OPTT) & Lockheed Martin Announce Wave Energy Collaboration
A letter of intent has been signed this morning between Lockheed Martin (LMT) and wave energy startup Ocean Power Technologies (OPTT) to collaborate in the development of utility scale wave energy in North America. OPTT would provide site development and its PowerBuoy technology while Lockheed Martin would provide construction, systems integration, operation and maintenance services. The two companies have worked together before on maritime surveillance for the Dept of Homeland Security but this marks the … Read the rest
Details About Pacific Gas & Electric’s (PCG) WaveConnect Wave Energy Project
Pacific Gas & Electric briefed Fort Bragg city and county government representatives on their planned WaveConnect wave energy project. Some of the details that emerged from the briefing:
-
PG & E will pay the city’s wave energy costs.
-
PG & E will make the results of all environmental studies public.
-
PG & E is considering 10 different, viable wave technologies and implement a pilot project to test the 3 or 4 that seem most promising.
Ocean Power Technologies (OPTT) Launches PowerBuoy In Hawaii
Ocean Power Technologies (OPTT) announced last week that it has installed its 3rd PowerBuoy wave energy system in Hawaii near the Kaneohe Bay on the island of Oahu as part of an ongoing partnership with the US Navy. OPTT monitors its PowerBuoy systems in New Jersey in real time with the use of onboard sensors, but the PowerBuoy has the ability to adjust automatically in changing sea states to produce the most amount of wave … Read the rest
US Navy To Test PowerBuoy From Ocean Power Technologies (OPTT)
The US Navy is testing a specially designed PowerBuoy from Ocean Power Technologies off the coast of New Jersey, the Wall Street Journal announced. The PowerBuoy, which generates electricity from ocean waves, will be used to power offshore sensors. According to the article, these sensors could be used for "vessel tracking for homeland security, tsunami warning systems, ocean observing systems, and off-shore aquaculture."
The PowerBuoy is expected to be lowered into the ocean Friday, about … Read the rest
Ocean Power Technologies (OPTT) Deploys First PowerBuoy In Spain
Ocean Power (OPTT) has announced that it has deployed its first 40 KW PowerBuoy under contract with Iberdrola about 3 miles off the coast of Spain which represents an important step in the commercialization of wave energy. OPT has a tentative deal to develop 9 additional more powerful versions of the buoy over the next year with the goal of eventually created a wave energy farm in the area capable of generating enough energy to … Read the rest
PG&E Green Initiatives
ZDNet looks at how PG&E is working to deliver clean energy to its customers. Innovations include a unique solar installation at the company’s headquarters, a hybrid-electric service truck, and emerging renewables from biogas to wave energy.… Read the rest
Ocean Power Technologies (OPTT) Reported Increasing Losses
Yesterday, Ocean Power Technologies (OPTT), reported a wider loss in fiscal year 08 despite a surge in revenues (although quarterly revenues have been decelerating over the past 2 quarters). The net loss widened to 14.66 million on revenues of 4.77 million from 9.64 million in the previous year on revenues of 2.53 million.
Ocean Power is certainly pinning its hopes on the success of the PowerBuoy wave energy system which it is putting quite a … Read the rest