Ocean Power Technologies News

Image Credit: OPT

Ocean Power Technologies Launches Hybrid PowerBuoy

Ocean Power Technologies, an ocean energy technology developer, has expanded its offering with the latest product called the hybrid PowerBuoy.The hybrid PowerBuoy is a buoy that offers remote power for subsea and topside applications, data communications, and a nominal 1.5-megawatt-hours of energy storage. While OPT is known for its moored floating buoys - such as OPT PB3 PowerBuoy - that harvest and store wave energy, this buoy is a hybrid, meaning it doesn't necessarily depend on waves to generate power, as it utilizes solar panels and a Stirling backup engine to power topside or subsea

Ocean Power Technologies’ PB3 PowerBuoy wave energy pictured with single point mooring integrating power and data transmission connected to a subsea battery solution and AUV charging station. Developed with Modus Seabed Intervention utilizing a Saab Seaeye Sabertooth AUV, the concept has been submitted for U.S. government development and demonstration project funding consideration. (Image: OPT)

New Subsea Resident Vehicle Solution Taking Shape

Ocean energy solutions innovator Ocean Power Technologies (OPT) said it it is working with joint development partners Modus Seabed Intervention and Saab Seaeye to develop a new solution for carbon-free subsea autonomous underwater vehicle (AUV) residency that would provide long-term, persistent deployment without support from manned vessels.“We believe a self-contained system powered by an OPT PowerBuoy and exempt from existing ocean infrastructure has the potential to revolutionize the industrial use of AUVs and make long-term residency a cost-effective reality,” said George Kirby, OPT

(Photo: OPT)

Eni Taps OPT PowerBuoy for New Mission

US-based Ocean Power Technologies said Italian energy company Eni has extended its lease of a PB3 PowerBuoy for an additional 18 months. OPT has also been contracted for an additional scope of work to provide a power and communications solution for an entirely new application in the Adriatic Sea.Following more than one year of continuous maintenance-free operation as part of an underwater autonomous vehicle charging pilot project off the coast of Italy in the Adriatic Sea, OPT will redeploy the leased PB3 PowerBuoy to provide power to systems on an unmanned, decommissioned gas production platform.

Photo: Ocean Power Technologies

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

(Photo: OPT)

Premier Oil Testing PB3 PowerBuoy in the North Sea

US-based ocean energy solutions company Ocean Power Technologies (OPT) said it has deployed a PB3 PowerBuoy to serve as an autonomous intelligent platform to provide communications and remote monitoring services for its customer Premier Oil at the Huntington field in the UK sector of the central North Sea.During the deployment, Premier will demonstrate the PB3 PowerBuoy capabilities, its ability to monitor the local environment and alert ships of the field’s safety zone as a potential solution to help with their future decommissioning related operations, OPT said.This deployment begins a nine

Saipem’s Hydrone R – in the flesh and ready for real world testing. Image from Saipem.

MTR100: Five "Ones to Watch"

;s just a case of integrating them.OPT: Powering autonomyReady for offshore deployment, the PowerBuoy destined to work for Premier Oil. Image from OPT.In some cases, resident underwater vehicles may not have access to power, so alternative power sources may be needed.New Jersey, US, based Ocean Power Technologies (OPT) has been a leading company in this area, working with Italian oil company ENI.An OPT PB3 PowerBuoy® was installed, using a three-point mooring system, in November 2018, near ENI’s Amelia B platform in the Adriatic Sea, where it’s providing energy to a mock-up of a subsea

Saab Seaeye’s Sabertooth AUV (Photo from Saab Seaeye)

Seaspace Race Underway at Saab Subsea Docking Demo

via the SWIG (subsea wireless interest group) and a Deepstar project to standardize docking station interfaces, as well as other companies who may sooner or later be using the SDS, including Saipem, Oceaneeering, IKM Subsea and Eelume; those who could supply power to these vehicles, such as Ocean Power Technologies; and service suppliers like iTech, Rovop and DeepOcean.Jon Robertson, managing director of Saab Seaeye, said, “For us, this has been a core part of our business for 30 years. It’s brilliant to see the industry starting to talk about these things. With Sonardyne’s BlueComm

Saab Seaeye’s Sabretooth it in its test tank (Photo: Saab Seaeye)

Saab Seaeye eRobotics Campaign Wins UTC Award

AUV and ROV [remotely operated underwater vehicle] modes and handle connections in both the horizontal and vertical plane. And it is the only vehicle currently on the market capable of undertaking long-term residency in difficult to access locations.”Separately, Saab Seaeye is working with Ocean Power Technologies (OPT) to jointly develop and market solutions for AUV and ROV charging and communications systems, using a buoy-based wave energy generator for power and communications. Its Sabertooth is also being used by Eni, which is trialing a wave power buoy to demonstrate the ability to charge subsea

OPT, Acteon Exploring Joint Opportunites

US based ocean energy solutions company Ocean Power Technologies (OPT) and UK based subsea services and solutions company Acteon Field Life Service, an Acteon Group subsidiary, have entered into a nonexclusive memorandum of understanding (MOU) to develop, explore and exploit mutual opportunities in the global oil and gas and renewables markets, the companies announced on Thursday.“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

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