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The Federal Energy Regulatory Commission has granted a license to Ocean Power Technologies of New Jersey for the nation's first commercial wave power station.
Byline: ANNABLACKABY Ocean Power Technologies has won a major contract with the US military to provide renewable power for a new antiterrorism and force protection system at sea.
Then there's Ocean Power Technologies in Pennington, N.
US-based Ocean Power Technologies is working on projects in Hawaii, New Jersey, Spain, Japan and Australia.
Taylor and Burns of Ocean Power Technologies and other researches are now investigating polymers related to PVDF in a search for piezoelectric polymers even better suited for applications such as ocean power.
Hirotaka Ohashi, Deputy General Manager of Business Development and Innovation at MES, added, "As we remember the 2011 earthquake and tsunami that had such a devastating impact on the nuclear power industry in Japan, we are working with Ocean Power Technologies to commercialize ocean-based clean energy alternatives.
Ocean Power Technologies, a New Jersey-based company, is close to completing construction of the first of the generating buoys and is expected to tow it to Reedsport for installation later this year.
The project is to be developed by a special purpose Australian company, Victorian Wave Partners Pty Ltd, currently owned by Ocean Power Technologies (Australasia) Pty Ltd.