Ocean Power Technologies readies hydrokinetic unit for next test

PENNINGTON, N.J. 6/21/12 (PennWell) -- Wave energy company Ocean Power Technologies Inc. has successfully completed the first phase of testing for its next generation "power take-off" units.

The new PTO units will replace those currently used on Ocean Power Technologies' PB150 PowerBuoy units and will be integrated into the spar of a buoy that will soon be deployed off the coast of Reedsport, Ore.

The company says the PTO was subjected to varying simulated wave conditions to measure its functionality and reliability. OPT also says the new PTO is a "much larger" version of one that was used in a recent two-year study conducted with the U.S. Navy.

"We expect the PowerBuoy to be ready for deployment off the coast of Reedsport late this summer and look forward to an ocean demonstration that can pave the way for additional units in the region," says OPT Chief Executive Officer Charles F. Dunleavy.

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