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Posts Tagged ‘Mark R. Draper’

EnergyCurrent, June 11, 2009

13298_DIA_0_opt picOcean Power Technologies Inc. (OPT) has reached two major manufacturing milestones in the development of the company’s PB150 PowerBuoy, a wave energy converter that is to be ready for deployment at the European Marine Energy Centre (EMEC) in Scotland by the end of 2009.

The mechanical elements of the power take-off system of the PB150 have been completed. OPT has also awarded Isleburn Ltd. the steel fabrication contract for the PowerBuoy structure. Isleburn is an Inverness, Scotland-based fabrication and engineering company for offshore structures.

Once the steel fabrication is complete, the 150-kW PowerBuoy will be fully assembled and ready for deployment by the end of 2009 at EMEC, where OPT has already secured a 2-MW berth.

When the PowerBuoy has been fully demonstrated at EMEC, OPT intends to deploy further PB150 PowerBuoys in projects around the world at locations including Reedsport, Oregon; Victoria, Australia and Cornwall, U.K.

OPT CEO Mark R. Draper 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 utilizing wave power as an economically-viable source of renewable energy.”

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