Ocean Power to study using wave buoys as surveillance devices
By Erik Siemers
Ocean Power Technologies is working with the U.S. Department of Homeland Security to showcase how the company's power-generating wave buoys can also be used as surveillance tools.
Ocean Power Technologies Inc., the New Jersey company planning a major wave energy project off the Oregon Coast, on Tuesday said it is working with the U.S. Department of Homeland Security to show how its wave buoys can be used for ocean surveillance.
Pennington, N.J.-based Ocean Power (NASDAQ: OPTT) has reached a research and development agreement with Homeland Security’s Science & Technology Directory to deploy one of its PowerBuoy devices off the coast of New Jersey to showcase the effectiveness of its “long duration maritime vessel detection platform.”
The company has also been awarded a $75,000 grant from the Maryland Technology Development Corp. through a technology transfer program to show how the PowerBuoy can be used with several surveillance technologies.
Ocean Power last month announced that that it had received a key license from the U.S. Federal Energy Regulatory Commission for its proposed 1.5-megawatt wave energy park off the coast of Reedsport. The project is now the first wave power station to be issued a FERC license.
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