Ocean Power to study wave energy device use in Chile for Enel
Deployed PB3 PowerBuoy off the coast of New Jersey.
The PB3 PowerBuoy by Ocean Power Technologies (NASDAQ:OPTT) may become the first autonomous wave power system in Chile as a result of an agreement with Enel Green Power which the ocean energy solutions provider announced today.
Under the contract, Ocean Power will conduct a detailed feasibility study of the wave energy device as an offshore autonomous platform hosting oceanographic sensor systems. It will evaluate which the best transport, deployment and servicing options with local companies and suppliers are. The feasibility study will also assess the necessary sensors and payloads to be mounted on the PB3 PowerBuoy.
George Kirby, CEO of Ocean Power Technologies, said that the company expects the work under this contract to help it expand its presence in Chile and throughout South America in areas such as monitoring, surveillance, subsea charging and connectivity for the offshore oil and gas, science and research and telecommunications markets.
Enel Green Power is a unit of Italian energy major Enel SpA (BIT:ENEL) .