Oregon Wave Power Project, Utility Scale PowerBuoy Ocean Power

Wave Energy Wave Power “OPT’s engineering and innovation efforts for the utility market are focused on improving power conversion efficiency, reliability, manufacturability and lowering the costs of marine operations and maintenance,” said Charles F. Dunleavy, Chief Executive Officer of the Company. “We will be rolling out the PB150 PowerBuoy product, our latest utility market offering, over the next few years and will also leverage this experience for the next generation of the PowerBuoy, our 500kW device that is currently under development. Lockheed Martin’s reputation and track record in manufacturing technology and its focus on renewable energy technologies will greatly assist us in this endeavor. With the Department of Energy’s continued support and Lockheed Martin’s expertise, the commercialization of our technologies to harness wave power continues to make steady progress.”http://bit.ly/od9flA