Ocean Power Technologies Australasia

Ocean Power Technologies (Australasia) Pty Ltd
Type	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

References

External links

- Business data for Ocean Power Technologies Inc.:
- Reuters

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