Silicon Valley-based SRI International, an independent nonprofit research and development organization, announced on Friday the deployment of a prototype buoy-mounted, ocean wave-powered generator off the coast of Florida in the Tampa Bay. SRI will test the wave-powered generator for approximately two weeks.

"In this first application of EPAM to wave-power generation, we are able to demonstrate the feasibility of a new, low-cost and highly efficient technology that can harvest electricity directly from ocean waves." -- Philip von Guggenberg, SRI International, Director of Business Development