OPT's PowerBuoy Deployed Offshore Chile
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 electricity to supply continuous and autonomous power and enable secure collection and transmission of data from the sea. In September 2019, EGP purchased a PB3 PowerBuoy and associated equipment from OPT to support Chile’s Marine Energy Research and Innovation Center (MERIC) Project, a hub for innovation in marine energy in Chile and
OPT Announces PB3 PowerBuoy Contracts
Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative ocean energy solutions, has announced the signing of two new contracts with Enel Green Power Chile (EGP), a subsidiary of Enel Chile, part of the Enel Group, a multinational energy company and a leading global integrated electricity and gas operator. The combined value of the contracts exceeds US$1.9 million and includes the sale of a PB3 PowerBuoy and the development and supply of a state-of-the-art, turn-key integrated Open Sea Lab that will be OPT’s first deployment off the coast of Chile.The first contract with Enel
EGP Joins Ocean Energy Europe Board of Directors
Enel Green Power (EGP), has joined Ocean Energy Europe’s Board of Directors. The move is further evidence of the growing industrial momentum driving ocean energy technologies to commercial readiness across the entire EU. “Enel Green Power are one of the most experienced renewable energy developers in the world, and we are very pleased to see them taking a leading role in the industry. Their involvement adds to the growing credibility of the ocean energy industry as the next key player in the electricity market, and puts Italy firmly on the ocean energy map,” said Rémi Gruet
February 2024
