Ocean Power Technologies Launches New PowerBuoy in Hawaii

Ocean Power Technologies Inc. announced that it has installed one of its PowerBuoy wave power generation units near Kaneohe Bay on the island of Oahu, Hawaii. This is the third PowerBuoy to be deployed by OPT over the past two months at sites in both the Atlantic and Pacific Oceans.

The Oahu PowerBuoy was launched under the company’s ongoing program with the U.S. Navy for installation of PowerBuoys off Marine Corps Base Hawaii at Kaneohe Bay and will be connected to the Oahu power grid. The Navy has added US $300,000 in funding for this program to provide for extended operation of the PowerBuoy system.

Deployment of the PowerBuoy was supported by Hawaiian diving and workboat subcontractors. The PowerBuoy is located approximately one mile off the coast, in 100 feet of water. The system resembles an ocean-going buoy and is less than 12 feet in diameter and 55 feet long. It is based on OPT’s proprietary design and it exists primarily below the sea surface, with minimal visual impact.

“Our engineering group has done a superb job of executing the design, build, test and deployment of this PowerBuoy system in Hawaii. We are pleased to be a part of the Navy’s effort to develop and commercialize new technologies to reduce the Navy’s dependence on fuel shipments for power generation facilities, and to meet its strategic goals and other sustainability initiatives,” said Dr. George Taylor, CEO of OPT.

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