US-owned renewable energy company Ocean Power Technologies (OPT) announced that the Company's PB3 PowerBuoy deployed in the Adriatic Sea has produced more than one MegaWatt-hour (MWh) cumulative energy to date.
The cost-effective ocean energy solutions provider said that the PowerBuoy has been deployed for six months, operating continuously and error-free while being controlled remotely from OPT’s NJ facility.
George H. Kirby, OPT’s President and Chief Executive Officer said, “We are excited to announce this major power generation milestone for our PB3 PowerBuoy deployed in the Adriatic Sea.”
OPT’s PowerBuoy is a key part of Eni’s MaREnergy project to demonstrate the suitability of wave-energy renewable technologies in the oil & gas industry. The PowerBuoy has been deployed in the Adriatic Sea off the coast of Italy since November 2018.
