Tag Archives: wave power

Ocean Power Technologies (OPTT) Awarded GBP 1.5 Million Grant To Improve PowerBuoy

Ocean Power Technologies just announced that it has been granted GBP 1.5 million by the South West of England Regional Development Agency to develop a new, improved 500 KW PowerBuoy.

Ocean Power Technologies will collaborate with A&P Falmouth and the Peninsula Research Institute for Marine Renewable Energy on the new PowerBuoy design, increasing output from 150kw to 500kw and making other improvements.

In a press release, Angus Norman, Chief Executive Ocean Power Technologies, Ltd., … Read the rest