Ocean Power announces renewable energy production milestone

Ocean Power Technologies announced it is approaching 15MWh of renewable energy production from its family of PowerBuoys. The recent launch of its Next Generation PB off the coast of New Jersey has materially accelerated average energy production by combining solar, wind, and wave energy production capabilities. Philipp Stratmann, CEO and President of OPT, expressed his enthusiasm about this milestone, stating, “These numbers show that non-grid connected marine energy production is not just for the R&D community, but is a commercially available solution. Charging USVs, monitoring the marine environment, including during whale migration season, and supporting the defense and security industry is all possible. We have worked with customers in defense, offshore wind, oil and gas, and general ocean sciences and look forward to announcing more deployments.”