Ocean Power Technologies Australasia Pty Ltd (OPTA) is an Australian company, a subsidiary of
Ocean Power Technologies Inc (OPT) of the United States, a
renewable energy company, providing power generation devices, services and related equipment for the extraction of energy from ocean waves.
In 2009 OPTA was part of
Victorian Wave Partners formed to develop a 19 megawatt
wave power project near Portland, Victoria connected to the grid. The project was to receive an AU$66.46 million grant from the Australia federal government. By 2014, the consortium had abandoned the project, saying it was not commercially viable. OPT had given up on plans to develop the project, which was to cost $232 million for which the Australian government had offered $66.5 million in funding support.
World’s “biggest” wave energy project sinks without trace
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Media Coverage
2012
Wave Energy Company Finds Its Sea Legs
Victoria Australia project to add jobs - July
Ocean Power Technologies and Lockheed Martin take wave power down under - July
* ttp://www.azocleantech.com/article.aspx?ArticleID=246 Innovations In Wave Power: An Interview With Dr. George Taylor - July
Lockheed Martin, Woodside in wave power project - July
*[http://inhabitat.com/ocean-power-technologies-receives-federal-approval-for-the-first-commercial-wave-farm-in-the-us/ Ocean Power Technologies Receives Federal Approval for the First Commercial Wave Farm in the US - August]
Federal approval for the first commercial wave farm
OPT To Work With U.S. Department Of Homeland Security - September
* ttp://eon.businesswire.com/news/eon/20121022005752/en/PowerBuoy/Wave-Energy/Ocean-Power Alliance with Mitsui Engineering & Shipbuilding-Japan - October
Herald On-Line: Mitsui Alliance - October
OPT Contract Awarded by Mitsui - October
OPT and Mitsui to steer wave device to possible Japan launch - October
OPT Establishes New Business Unit to Drive Growth - November
See also
* Ocean energy
* Wave power
Wave power is the capture of energy of wind waves to do useful work – for example, electricity generation, water desalination, or pumping water. A machine that exploits wave power is a wave energy converter (WEC).
Waves are generated by win ...
* Wave farm
Wave power is the capture of energy of wind waves to do useful work – for example, electricity generation, water desalination, or pumping water. A machine that exploits wave power is a wave energy converter (WEC).
Waves are generated by wind ...
s
References
External links
*
Victoria Wave Partners
*
{{Finance links
, name = Ocean Power Technologies Inc.
, symbol = OPTT
Renewable energy technology companies
Wave power
Energy conversion
Renewable energy in Australia
Power station technology
Renewable energy companies of Australia