Tag: Ocean Power Technologies
OPT awards contracts for wave energy project
Ocean Power Technologies, Inc. (OPT) has awarded four major new contracts to Oregon companies in connection with the manufacture of its PB150 PowerBuoy® wave energy generating device, and its deployment off the coast of Reedsport, Oregon. Including the previously awarded contract to Oregon Iron Works (OIW) for the fabrication of the buoy’s steel structure, or spar, the new contracts bring the total amount invested by OPT in the local economy to over USD 6 million.
