Ocean Power Technologies Australasia
| Public | |
| Traded as | NASDAQ: OPTT |
| Industry | Renewable Energy, Wave Power, Sustainable Energy |
| Founded | Perth, Western Australia, Australia (1984) |
| Founder | Dr. George W. Taylor |
| Headquarters | Perth, Western Australia, Australia |
Area served | Australia-wide |
Key people |
Dr. George Taylor (Chairman) & (CEO) Gilbert George (Director)) Charles F. Dunleavy (Managing Director)) Keith Bowyer (General Manager)) |
| Owner | OPT, Inc (88%) + Woodside Petroleum (12%) |
| Website | (1999 established) |
Ocean Power Technologies Australasia Pty Ltd, OPTA is an Australian owned company, currently engaged in wave power projects in Australia It is a subsidiary of Ocean Power Technologies Inc (OPT).
Ocean Power Technologies (O.P.T.) is a US owned renewable energy company, providing power generation devices, services and related equipment for the extraction of energy from ocean waves. The company's PowerBuoy technology is scalable to hundreds of megawatts and the generated energy from Wave Power is supplied to the grid via submarine cables. Projects are now underway around the world.
Range of products
- Devices for the Grid-connected utility market, currently the Mark 3 PowerBuoy.
- Devices for the Autonomous market requiring lower levels of power for deep-ocean applications such as maritime security and homeland defense, offshore oil and gas operations, aquaculture and oceanographic data sampling. The Company’s PowerBuoy in ratings of 2 kilowatt to 40 kilowatt is ideal for these applications, including the LEAP autonomous PowerBuoy sold to the US Navy.
- Infrastructure products and services - cable installations, grid interconnection, permitting and site development, including the Company’s Undersea Substation Pod product, available to all companies in the marine energy sector.
- Undersea Substation Pod - Device for aggregating diverse power generation devices and supplying an interface with onshore power distribution.
Projects
Current
- Portland, Victoria, Australia[1] - Ocean Power Technologies Australasia Pty Ltd as part of Victorian Wave Partners is developing a 19 megawatts wave power station connected to the grid near Portland, Victoria. The project has received an AU $66.46 million grant from the Federal Government of Australia.
Technology
Powerbuoy
The Company's primary product is the PowerBuoy wave generation system., [2] It uses a "smart," oceangoing buoy to capture and convert wave energy into low-cost, clean electricity.
Undersea Substation Pod (USP)
The USP[3] is an electrical power aggregator from up to ten offshore power generation devices, be they wind, wave power or other, into one common interconnection point for transmission to the onshore power grid. The USP can likewise be configured to supply onshore power to offshore devices.
Media Coverage
2012
- Wave Energy Company Finds Its Sea Legs
- Victoria project - January
- Victoria Australia project to add jobs - July
- Ocean Power Technologies and Lockheed Martin take wave power down under - July
- Ocean Power Technologies and Lockheed Martin to Develop Wave-Energy Project in Australia - July
- Innovations In Wave Power: An Interview With Dr. George Taylor - July
- Lockheed Martin, Woodside in wave power project - July
- Oregon wave power project gets green light to go forward - August
- Ocean Power Technologies Receives Federal Approval for the First Commercial Wave Farm in the US - August
- Federal approval for the first commercial wave farm
- Reedsport Development News - September
- OPT To Work With U.S. Department Of Homeland Security - September
- Reedsport Development Update - Deployment in spring 2013 - October
- Alliance with Mitsui Engineering & Shipbuilding-Japan - October
- Herald On-Line: Mitsui Alliance - October
- OPT Contract Awarded by Mitsui - October
- OPT and Mitsui to steer wave device to possible Japan launch - October
- OPT Establishes New Business Unit to Drive Growth - November
See also
Ocean energy > Wave power > Wave farms
References
External links
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- Business data for Ocean Power Technologies Inc.:
- Reuters