Latest Pelamis Wave Energy Converter Stories

DM Crumbliss for redOrbit.com Energy generated from ocean waves could provide power for our growing planet. Marine energy is believed to have the potential to provide the UK with electricity twice over, and a group of scientists have made a strong step in that direction by predicting wave power. The study was carried out by a team of mathematicians and engineers from the University of Exeter and Tel Aviv University. They devised a means of accurately predicting the power of the next...

Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT" or the "Company") today announces that it has received a US$2.0 million award from the US Department of Energy (DoE), in support of OPT's wave power project in Reedsport, Oregon. The DoE grant will be used to help fund the fabrication, assembly and factory testing of the first PowerBuoy(R) to be installed at the Reedsport site. This system will be a 150 kilowatt-rated PB150 PowerBuoy, major portions of...