OCEAN POWER TECHNOLOGIES COMPLETES FIRST OF NEW GENERATION UTILITY-SCALE WAVE POWER DEVICE

Ocean Power Technologies, Inc. a leading wave energy technology company,announced the completion of the first of its new generation utility-scale PowerBuoy® device, the PB150. The PB150 PowerBuoy is the largest and most powerful wave power device designed by OPT to date, and builds on the Company's 15 years' innovation and in-ocean development experience of producing such systems. With a peak-rated power output of 150 kilowatts - equivalent to the energy consumption of approximately 150 homes - the PB150 is designed for use in arrays for grid-connected power generation projects worldwide. The development of the device, built and assembled at Invergordon, Scotland, has utilized the skills of local firms and represents a multi-million pound sterling investment in the region. It is currently being prepared for ocean trials at a site approximately 33 nautical miles from Invergordon, off Scotland's northeast coast. The sea trials are expected to commence as soon as weather conditions permit. The Company is seeking additional financing for the commercial utilization of the buoy after the trial phase is completed including its possible deployment at various potential sites. A second PB150 is already under construction in the US for a proposed utility-scale project in Oregon, and the Company is involved in other planned projects in Australia, Japan and Europe that may utilize the PB150.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Dynapower - MAXIMIZE PRODUCTION AND REVENUES WITH SOLAR PLUS STORAGE

Dynapower - MAXIMIZE PRODUCTION AND REVENUES WITH SOLAR PLUS STORAGE

The addition of energy storage to an existing or new utility-scale PV installation allows system owners and operators the opportunity to capture additional revenues. Traditional storage plus solar applications have involved the coupling of independent storage and PV inverters at an AC bus or the use of multi-input hybrid inverters. An alternative approach - coupling energy storage to PV arrays with a DC-to-DC converter - can help maximize production and profits for existing and new utility-scale installations. DC-Coupled Utility-Scale Solar Plus Storage leads to higher round-trip efficiencies and lower cost of integration with existing PV arrays and at the same time, opens up new revenue streams not possible with traditional AC-coupled storage, including clipping recapture and low voltage harvesting, while being eligible for valuable tax incentives.