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Ocean Power announces new contract with DoD

Pennington-based Ocean Power Technologies Inc. announced Wednesday it has been awarded a $250,000 contract by the U.S. Department of Defense Office of Naval Research to design a new PowerBuoy for mission critical sensors.Phase one of the contract includes designing the system and testing it in a laboratory. The contract allows for two phases, valued together at nearly $750,000, upon completion of phase one and additional funding.

“We are excited to work with the Office of Naval Research on this new contract. OPT already has several patented solutions for mass-spring oscillating designs, and we hope to leverage this technical expertise to address ONR’s needs.  We believe that an inertia-based PTO could provide advantages to OPT in the autonomous offshore power marketplace and could enable a new product line of buoys and modules,” George H. Kirby, CEO and president of OPT, said in a prepared statement.

The PowerBuoy was first developed for the Navy to power multiple sensors while also responding to other specific mission critical needs.

 “This PTO is part of an anchorless, station keeping, low profile PowerBuoy that would power mission critical sensors and the buoy’s control and propulsion systems. The objective of this first phase is to design and optimize the inertia based generation system, evaluate the buoy propulsion system, and carry out performance testing of critical PTO components. The proposed system is scalable and once completed, could expand OPT’s product portfolio with more product options into the commercial and defense markets,” Mike M. Mekhiche, OPT’s executive vice president of engineering and operations, said in a prepared statement.

Emily Bader
Emily Bader is the Web Editor and Social Media Coordinator at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum.