Search results for: PB40 PowerBuoy

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  • 28 July 2015
    Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) has deployed its PB40 PowerBuoy off the coast of New Jersey – the company’s first deployment since 2013. In addition to further validating the logistical processes associated with permitting, staging, and buoy towing to its mooring location approximately 55 km southeast of the New York City Harbour, the operational buoy will […]

  • 16 June 2015
    Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) has received final permit approval for the deployment of its PB40 PowerBuoy off New York City. The permit has been issued by the New York City District Army Corps of Engineers, and the device will be deployed approximately 55 km southeast of the New York City Harbour. After deployment, the buoy […]

  • 21 October 2014
    Business & Finance, Equipment, Operations & Maintenance

    Ocean Power Technologies has announced today that the PB40 PowerBuoy® fabricated for the WavePort Project has shipped from Santander, Spain to Bayonne, NJ with the intent to deploy off the coast of New Jersey in the first quarter of 2015. The PowerBuoy is expected to arrive around mid-November and having been disassembled for transport, will […]

  • 12 March 2015
    Business & Finance, Equipment

    Ocean Power Technologies (OPT) has recorded net loss for the three months ended January 31, 2015 (Q3) of $2.2 million, compared to a net loss of $0.8 million in the corresponding period in 2013. According to OPT, the increase in the company’s net loss year-over-year primarily reflects increased product development costs associated with PB40 PowerBuoy project and increased […]

  • 2 August 2015

    Tidal Energy Today Staff has compiled the top news from tidal and wave energy industry from July 27 – August 2, 2015. JBA Consulting to assess flood risk for Tidal Lagoon Cardiff Tidal Lagoon Power (TLP), the developer behind the proposed Cardiff tidal lagoon project, has appointed JBA Consulting to undertake flood risk assessment work […]

  • 28 April 2017
    Business & Finance, Technology

    Ocean Power Technologies (OPT) is looking to raise around $7 million of gross proceeds through its latest underwritten public share sale.

  • 2 September 2015
    Business & Finance, Technology

    Ocean Power Technologies (OPT), a New Jersey-based wave energy developer, will be presenting at the 17th Annual Rodman & Renshaw Global Investment Conference in New York City. OPT announced that the presentation will be held by George Kirby, President and CEO of OPT, on September 9, 2015. A live audio webcast and a replay of […]

  • 7 July 2015
    Business & Finance, Operations & Maintenance

    Ocean Power Technologies (OPT) has reported an increase in net loss of $2 mln for the fiscal year ended April 30, 2015, due to the increase in the project costs. The net loss for the fiscal year was $13.2 million, as compared to a net loss of $11.2 million for the year ended April 30, […]

  • 22 April 2016
    Business & Finance, Research & Development, Technology

    New York State Energy Research and Development Authority (NYSERDA) has launched a funding call for renewable energy projects, in an effort to meet the NY state’s goal of 50% renewables by 2030.

  • 24 October 2011

    Ocean Power Technologies, Inc. (“OPT” or “the Company”), a leading wave energy technology company, announced the launch of a new technology initiative to enhance the efficiency of the Company’s patented PowerBuoy(R) wave energy systems under the Company’s existing “WavePort” project. OPT will be working with a consortium of European companies and institutions to advance the […]

  • 10 December 2014
    Business & Finance

    Ocean Power Technologies, Inc. announced financial results for its Fiscal 2015 second quarter ended October 31, 2014 (“fiscal 2015”). David L. Keller, Interim Chief Executive of OPT stated, “I am pleased to report that during the second quarter we completed the site remediation and removal of equipment on the Reedsport, Oregon project which allowed us […]

  • 12 March 2015
    Business & Finance, Technology

    Ocean Power Technologies, Inc. (OPT) will deploy its ABP-350 type of PowerBuoy in the summer of this year, the company’s President and Chief Executive, George H. Kirby, confirmed in the announcement of OPT’s third quarter results.  OPT’s PB40 wave energy system that is currently in New Jersey will be tested and ready to be deployed this month, subject to […]

  • 9 March 2012

    Ocean Power Technologies, Inc. today announces financial results for its fiscal 2012 third quarter and nine months ended January 31, 2012. Recent Highlights Operating loss at $12.4 million was significantly reduced for the nine months ended January 31, 2012, compared with $15.8 million for the nine months ended January 31, 2011, primarily reflecting a 33% […]

  • 9 March 2012

    Ocean Power Technologies, Inc. today announces financial results for its fiscal 2012 third quarter and nine months ended January 31, 2012. Recent Highlights Operating loss at $12.4 million was significantly reduced for the nine months ended January 31, 2012, compared with $15.8 million for the nine months ended January 31, 2011, primarily reflecting a 33% […]

  • 5 June 2016
    Business & Finance

    Tidal Energy Today has compiled the top news from tidal and wave energy industry from May 30 – June 5, 2016.

  • 12 September 2014
    Business & Finance, Operations & Maintenance

    Ocean Power Technologies, Inc.  today announced financial results for its Fiscal 2015 first quarter ended July 31, 2014 (fiscal 2015). The net loss for the three months ended July 31, 2014 was $3.3 million as compared to a net loss of $3.8 million for the three months ended July 31, 2013. David L. Keller, Interim Chief […]

  • 30 July 2014
    Business & Finance, Operations & Maintenance

    Ocean Power Technologies, Inc. announced financial results for its Fiscal 2014 fourth quarter and full-year ended April 30, 2014 (“fiscal 2014”). David L. Keller, Interim Chief Executive Officer of OPT, stated, “There have been several significant events and much change since the Company last reported financial results. We believe we have fully disclosed this information […]

  • 28 June 2011

    Ocean Power Technologies, Inc. (“OPT” or the “Company”), a leading wave energy technology company, announced that the first of its new generation utility-scale PowerBuoy(R) device, the PB150, has delivered better-than-expected initial results from tests being conducted off the northeast coast of Scotland. Rated at 150 kilowatts, this device was designed and developed by OPT to […]

  • 4 March 2020
    Operations & Maintenance

    Ocean Power Technologies (OPT) said that that Eni has extended its lease of a PB3 PowerBuoy for an additional 18 months. OPT has also been contracted for an additional scope of work to provide a power and communications solution for an entirely new application in the Adriatic Sea. Following more than one year of continuous […]

  • 23 August 2019
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Ocean Power Technologies said it has deployed its PB3 PowerBuoy in the North Sea for Premier Oil. This latest deployment of a PB3 PowerBuoy will serve Premier as an autonomous intelligent platform to provide communications and remote monitoring services at Premier’s Huntington field in the central North Sea. During the deployment, Premier will demonstrate the […]

  • 23 August 2019
    Research & Development, Technology

    Ocean Power Technologies said it has deployed its PB3 PowerBuoy in the North Sea for Premier Oil. This latest deployment of a PB3 PowerBuoy will serve Premier as an autonomous intelligent platform to provide communications and remote monitoring services at Premier’s Huntington field in the central North Sea. During the deployment, Premier will demonstrate the […]

  • 5 October 2016
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) has completed the stage gate review of its PB3 PowerBuoy ahead of shipment to Japan.