September 19 (Renewables Now) - Ocean Power Technologies (NASDAQ:OPTT), or OPT, said today it will supply a PB3 PowerBuoy wave power device along with an Open Sea Lab to the Chilean subsidiary of Italian energy major Enel SpA (BIT:ENEL).
Specifically, OPT has signed two contracts with Enel Green Power Chile Limitada SA for a total value exceeding USD 1.9 million (EUR 1.7m).
The first contract calls for OPT to deliver a PB3 PowerBuoy, along with the associated mooring system, and deploy them off the coast of Las Cruces. Those devices will serve as an autonomous offshore platform that powers a suite of oceanographic sensors and transmits real-time data back to land.
Just last month, OPT successfully deployed a PB3 PowerBuoy in the North Sea for UK oil and gas exploration and production company Premier Oil.
The second contract will see OPT develop and supply a turn-key integrated Open Sea Lab, including a sensor suite powered by the PB3 PowerBuoy, plus an integrated shore-based wave radar system. Deployment of the Open Sea Lab is scheduled for the first half of 2020.
“Enel Green Power is working to explore and develop the marine energy technology segment in Chile, and the purchase of the PB3 PowerBuoy is a significant milestone towards this aim,” commented Valter Moro, general manager of Enel Green Power Chile.
(USD 1.0 = EUR 0.904)