Ocean Power Technologies, Inc. has reached two major manufacturing milestones in the development of the company’s wave energy devices, the PB150 PowerBuoy, which is to be ready for deployment at the European Marine Energy Centre (EMEC) in Scotland by the end of 2009.
The Company intends to deploy further of its PowerBuoy devices in projects around the world at locations including Reedsport in Oregon, USA, Victoria, Australia and Cornwall, UK.
Jim Mather, Scotland’s Minister for Enterprise, Energy and Tourism, said, ‘Scotland boasts a quarter of Europe’s wave and tidal resource and we are leading the way in developing marine renewables through the world’s only accredited wave and tidal testing centre, the European Marine Energy Centre in Orkney. I am delighted that Scottish Government support is helping to advance the in-ocean demonstration of what will be the world’s largest wave energy device using buoy technology. This is just one example of the huge economic potential that making Scotland a world leader in renewables can bring.’
Mark R Draper, CEO of OPT, said, ‘These two milestones demonstrate significant progress towards the deployment of OPT’s first PB150. This achievement represents a pivotal stage in the company’s development and that we are on track to achieve our objective of utilising wave power as an economically-viable source of renewable energy.’
OPT is headquartered in Pennington, New Jersey with offices in Warwick, UK.
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