Ocean Power Technologies Announces Leadership Changes
appointed as its new president and chief executive officer, and a director, while Matthew T. Shafer has been promoted to senior vice president, chief financial officer and treasurer.Stratmann, who previously served as OPT’s vice president of global business development since 2019, takes over from George H. Kirby, OPT president and CEO since 2015, who is leaving the company to pursue other endeavors.Stratmann received an engineering doctorate in engineering management as well as a master of engineering from the University of Southampton in the U.K. He will be relocating from OPT’s Houston office
OPT's PowerBuoy Deployed Offshore Chile
data to a dedicated shore station studying the potential effect of marine energy under real-world sea conditions with minimal carbon footprint, OPT said."We are proud of the work performed to deploy the PB3 PowerBuoy for EGP and to help bring new clean energy solutions to Chile,” said George H. Kirby, President and Chief Executive Officer of OPT. “We look forward to continuing to expand our presence in Chile and throughout South America.”“Chile has excellent conditions in terms of marine resources to produce wave energy. This type of energy production has several advantages:
Ocean Power Technologies Buys Offshore Engineering firm 3Dent
for drilling contractors, construction yards, major oil companies, service companies, and engineering firms."The 3Dent Technology acquisition is an important first step within our long-term growth strategy to expand our market value proposition while building OPT’s revenue," said George H. Kirby, President and CEO of OPT. "3Dent brings significant expertise in offshore engineering to OPT and our customers by providing complete project lifecycle engineering services, from concept through installation to decommissioning, including early-stage feasibility and design. Together
OPT PowerBuoy Tested at DeepStar's 'Zero Carbon Power for Electric Subsea Operations' Project
autonomous, remotely controlled, all-electric subsea production.Credit: Deepstar"We are excited to work with Total and the DeepStar member companies to explore the practical cost-saving, low-risk, and zero-carbon benefits of our solutions for deepwater subsea oil production applications," said George H. Kirby, President and Chief Executive Officer of OPT."Total is interested in studying how locally generated electrical power can support its vision of all-electric, low-carbon developments in deep offshore," said Daniel Byrd, Subsea & Deepwater Manager at Total E&P Research and
OPT Launches Subsea Battery
meet larger energy requirements for a wide range of subsea equipment. The Subsea Battery solution can be integrated with an OPT PowerBuoy for charging or used for standalone power," OPT said.“The introduction of our Subsea Battery marks OPT’s second product launch this year,” said George H. Kirby, President and Chief Executive Officer of OPT. “The ongoing electrification of subsea assets requires reliable power that can scale to meet the needs of the offshore industry. "The Subsea Battery launch follows recent launches of OPTS' hybrid PowerBuoy and PB3 PowerBuoy.OPT:
Ocean Power Technologies Launches Hybrid PowerBuoy
."Discussions are underway with prospective launch customers in advance of open water testing of the hybrid PowerBuoy planned for this spring," OPT said.“Our team designed this product to meet the offshore power needs expressed by numerous potential customers,” said George Kirby, OPT President and Chief Executive Officer. "The hybrid PowerBuoy provides us with additional flexibility in designing cost-effective power and communications solutions for locations around the world."“All of our customers are focused on reducing greenhouse gasses,” Kirby
Premier Oil Testing PB3 PowerBuoy in the North Sea
programs, whilst maintaining flexibility to deliver maximum economic recovery from our fields."Assuming success, we will look at the potential to deploy this technology on other assets and for different purposes, both in the UK and further afield," Williams added.OPT president and CEO, George H. Kirby, said, "We are excited to be supporting Premier in their decommissioning activities with our PB3 PowerBuoy, which delivers a reliable autonomous solution for surveillance and monitoring. This deployment is the culmination of the tremendous effort and dedication of the entire OPT team
OPT, Acteon Exploring Joint Opportunites
;We see a strong potential in this collaboration, where OPT’s PowerBuoy products and services and Acteon’s integrated subsea services and solutions, coupled with its global network of facilities, personnel and market positioning, can provide significant value to our customers,” said George H. Kirby, President and Chief Executive Officer of OPT.The companies are currently collaborating on an Exclusion Zone Monitoring project for Premier Oil in the Central North Sea. The project will include the deployment of OPT’s PowerBuoy system, and surveillance and monitoring technology and
OPT Scores Oil and Gas Study Contract
;s products and services in monitoring subsea wells during decommissioning activities.“This study will evaluate the use of our PowerBuoys in monitoring multiple customer wells during oil field decommissioning activities in the very deep and challenging waters of the Gulf of Mexico,” said George H. Kirby, President and Chief Executive Officer of Ocean Power Technologies.The work has been issued under a recently announced master service contract.The study will further address technical issues such as customer equipment power demands and PowerBuoy power generation during continuous and intermittent
February 2024
