Ocean Power Technologies Announces Deployment of Next Generation Wave Energy Converter Buoy

Adding wind and solar energy harvesting, OPT’s next generation WEC is expected to generate more power than prior PowerBuoy® platforms

Ocean Power Technologies, a leader in innovative, cost-effective, and autonomous low-carbon marine data, power, and consulting service solutions, is pleased to announce the successful first ocean test of its next-generation increased power wave energy converter buoy, the Mass-On-Spring-Wave-Energy-Converter (MOSWEC) prototype. OPT has reported the operational sized buoy, deployed offshore of New Jersey, has been performing as expected and has already endured storm conditions at sea.

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Building on the success of its previous wave energy converter, the PB3, the MOSWEC prototype represents a significant improvement in multiple aspects. The innovative design enables modularity and commonality for the next generation buoy platform, making it more efficient in terms of transportation, serviceability, and maintainability. Additionally, the MOSWEC buoy will be more cost-effective for customers.

One of the key advancements of the MOSWEC is its fully sealed design, eliminating all externally moving parts, which further increases reliability and lowers maintenance costs. This innovation ensures that the energy converter operates efficiently and effectively in marine environments and supports all of OPT’s existing solutions, and expected future integration with vehicles, such as OPT’s WAM-V. This opens new possibilities for renewable energy generation, ocean security, and other applications in marine environments.

Furthermore, the MOSWEC prototype allows for the integration of wind and solar energy generation, providing increased and diversified energy output compared to the PB3. This feature, combined with the buoy’s performance in storm conditions, makes the MOSWEC prototype a more versatile and sustainable solution for powering various applications.

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“We are thrilled to announce the deployment of our operational size MOSWEC prototype, which represents a significant advancement in wave energy conversion technology,” said Philipp Stratmann, President, and Chief Executive Officer of OPT. “With its smaller size, lower price, sealed design, and increased energy generation capabilities, the MOSWEC prototype is a major step forward in our mission to provide innovative and sustainable marine energy solutions.”

OPT holds multiple patents related to MOSWEC technology, which generates power from the relative motion caused by ocean waves. The Company’s commitment to advancing clean and reliable ocean energy solutions aligns with the nation’s blue economy goals and supports the transition to a more sustainable future.

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