ocean wave converter News
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Israel`s Yam Pro Energy Signs a 180 Million USD MOU
Yam Pro Energy from Israel signed an MOU with Shapoorji Pallonji Group, the owners of the TATA Group, to build a wave energy power station in Ghana. To be completed in the upcoming three years at a scope of 150 MW generation ($180,000,000). The initial phase will be 10 MW and expanding thereafter. The partnership will be between Yam Pro, a local partner and SP with the responsibility to raise the ...
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Energy Department Announces $10 Million for Full-Scale Wave Energy Device Testing
The Energy Department, in coordination with the Navy, today announced funding for two companies that will continue to advance marine and hydrokinetic (MHK) technology as a viable source for America’s clean energy future. Ocean Energy USA and Northwest Energy Innovations will test their innovative wave energy conversion (WEC) devices for one year in new deep water test berths at the ...
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Energy Department Accepting Small Business Grant Applications for Low-Head Hydropower Turbines and MHK Monitoring Systems
The Energy Department began accepting applications on November 24 for its FY 2015 Phase 1 grant topics, including two Water Power Program topics, under the Small Business Innovation Research (SBIR) and Technology Transfer (STTR) programs. Under this funding opportunity, the Energy Department seeks applications for innovations in the following areas: Innovative Small, Low-head Hydropower ...
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National Wind Technology Center Begins First Validation of Wave Energy Conversion Device
The National Wind Technology Center (NWTC) at the Energy Department’s National Renewable Energy Laboratory (NREL) has begun validation work on the first water power technology ever tested in an NREL dynamometer facility. “Though designed to benefit the wind industry, the NWTC’s large dynamometer facility is being leveraged to help advance new ocean energy technology,” ...
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National Wind Technology Center begins first Validation of Wave Energy Conversion Device
The National Wind Technology Center (NWTC) at the Energy Department's National Renewable Energy Laboratory (NREL) has begun validation work on the first water power technology ever tested in an NREL dynamometer facility. Representatives from Columbia Power Technologies, NREL and project partners celebrate the start of generator testing for the Columbia Power wave energy generator. "Though ...
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Ocean Power Technologies to Present at the 24th Annual Roth Capital Conference in California on March 14, 2012
Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that it will participate in the 24th Annual Roth Capital Conference on March 14, 2012 at the Ritz-Carlton in Laguna Niguel, CA. Brian M. Posner, Chief Financial Officer of OPT, is scheduled to give a presentation at ...
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Resolute Project Selected for DOE Phase I SBIR award
Today Resolute Marine was notified by the Department of Energy’s Office of Science that it has been selected for a Phase I SBIR award for a project entitled “Nereus, Powering AUVs using Ocean Waves.” This project envisions adapting a proprietary floating wave energy converter and related subsystems co- developed by Resolute and its project partners to provide power for ...
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IBM Reveals Five Innovations That Will Change Our Lives Within Five Years
Today IBM (NYSE: IBM) formally unveiled the sixth annual "IBM 5 in 5" (#ibm5in5) – a list of innovations that have the potential to change the way people work, live and interact during the next five years: People power will come to life You will never need a password again Mind reading is no longer science fiction The digital divide will cease to exist Junk mail will become ...
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Frost & Sullivan Recognizes Eco Wave Power for Its Path-Breaking Innovation in the Field Of Wave Energy Generation
Based on its recent analysis of the wave energy generation market, Frost & Sullivan recognizes Eco Wave Power with the 2012 European Frost & Sullivan Award for New Product Innovation for developing and implementing an all-round solution for effective energy harvesting from waves. "Driven by the energy crisis around the globe, an escalation of activities in newer forms of renewable ...
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Ocean Power Technologies Completes Testing of Next Generation Power Take-Off
Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or the "Company"), a leading wave energy technology company, today announced the successful completion of extensive factory acceptance testing of the first of its next generation power take-off (“PTO”) units for the Company’s utility-scale PowerBuoy®, the PB150. The PTO has now been ...
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Ocean energy agenda supported by coastal mayors, industrial leaders, academics and environmentalists
Ocean energy has the potential to create tens of thousands of jobs in the United States and generate as much as 10 percent of the nation’s demand for electricity, the equivalent of all hydroelectric energy in the U.S. today. This good news comes from a growing and diverse coalition who recently presented a roadmap for harnessing the power of the ocean to transition teams from the incoming Obama ...
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Ocean Power Technologies awarded $1.0 Million by U.S. Department of Energy
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company") today announced that it has won a $1.0 million funding award from the U.S. Department of Energy ("DOE") to enhance the commercial viability of its PowerBuoy(R) wave-energy systems through mechanical component design changes to maximize power-to-weight output ratios and reduce overall installed capital costs. Under the award ...
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Pelamis Wave Power Selects Pulsant to Safeguard Vital Data in the Cloud
Custom built cloud & connectivity solution frees Pelamis engineers to focus on developing renewable energy technology Cloud, connectivity and hosting provider, Pulsant, is supporting Pelamis Wave Power by helping to manage, backup and store data vital to the development of its world-leading wave energy technology. With operations in Edinburgh and Orkneysupporting two Pelamis wave ...
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Energy Department Announces up to $12 Million for Projects to Advance Wave Energy
The Energy Department announced up to $12 million in new projects to support the development of innovative technologies capable of generating reliable and cost-effective electricity from U.S. water resources. The four projects will advance marine and hydrokinetic (MHK) energy technologies, which can harness energy from the nation's oceans and rivers. Two projects will test and validate wave ...
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Ocean Power Technologies and Lockheed Martin to Develop Wave-Energy Project in Australia
Ocean Power Technologies, Inc. (Nasdaq: OPTT), a leading wave energy technology company, and Lockheed Martin (NYSE: LMT) have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a grant from the Commonwealth of Australia. For the project, Lockheed ...
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Ocean Power Technologies Announces Election of New Director
Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that Terence J. Cryan was duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 4, 2012. In addition, Thomas J. Meaney retired from the Board of Directors effective with the ...
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Ocean Power Technologies and Lockheed Martin to Collaborate on Utility Scale PowerBuoy for Oregon Wave Power Project
Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or the "Company") is pleased to announce it will collaborate with Lockheed Martin (NYSE: LMT) in connection with OPT’s proposed commercial-scale wave power generation project at Reedsport, Oregon. Lockheed Martin will provide design, manufacturing, system integration and supply chain management expertise to enhance OPT’s ...
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Ocean Power Technologies Deploys Autonomous PowerBuoy for US Navy Maritime Security Program
Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, is pleased to announce the deployment for sea trials of a unique autonomous wave energy device, marking an important milestone in the expansion of the Company’s PowerBuoy product line. LEAP Autonomous PowerBuoy Deployed off ...
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