POWER

Ocean Power Technologies’ PB3 PowerBuoy(R) Achieves New Operational Milestone

The MarketWatch News Department was not involved in the creation of this content.

MONROE TOWNSHIP, N.J., Aug 19, 2020 (GLOBE NEWSWIRE via COMTEX) —
Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that the PB3 PowerBuoy operating in the Adriatic Sea has surpassed 600 days of continuous operation for Eni’s Phase 1 resident autonomous underwater vehicle (AUV) project.

“The PB3 PowerBuoy continues to validate its durability as a proven marine power asset,” said George H. Kirby, President and Chief Executive Officer of OPT. “The Adriatic Sea mission exemplifies the PB3’s capabilities in real-time and is an ongoing testament to OPT’s ability to deliver established technologies, constantly reinforcing our standing as a leader in offshore power solutions able to meet the unique needs of our customers.”

Initially leased by Eni, one of the world’s largest energy companies, in

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Ocean Power Technologies Opens Houston Office to Support Energy Sector Business Development

Strategically Situated in the Hub of Global Oil and Gas Operations and Energy Innovation

MONROE TOWNSHIP, N.J., Aug. 18, 2020 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the establishment of its Houston, Texas  office in support of Gulf of Mexico and broader U.S. and South American opportunities.

Strategically located in the CityCentre development adjacent to Houston’s Energy Corridor near the intersection of I-10 and the Sam Houston Tollway, the new OPT office will serve as the base for the Company’s regional sales and business development activities, headed by OPT’s VP Global Business Development Philipp Stratmann and Senior Director of Sales, David Marchetti.  In addition, the new Houston office also enables OPT program managers, engineers, and field operations personnel to collaborate with customer project teams.

“Houston is the home of many global oil and

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Ocean Power Technologies Unveils Its Subsea Battery Solution

The MarketWatch News Department was not involved in the creation of this content.

MONROE TOWNSHIP, N.J., Aug 17, 2020 (GLOBE NEWSWIRE via COMTEX) —
Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the launch of its latest product, the Subsea Battery solution.

OPT’s Subsea Battery solution is an environmentally friendly lithium-iron phosphate battery system with a nominal storage capacity of 132 kilowatt-hours. It utilizes OPT’s proprietary and highly efficient battery management system which maximizes the amount of energy available for subsea payloads. Modular design allows multiple Subsea Battery units to be linked together to meet larger energy requirements for a wide range of subsea equipment. The Subsea Battery solution can be integrated with an OPT PowerBuoy for charging or used for standalone power.

“The introduction of our Subsea Battery marks OPT’s second product launch this year,” said

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JEA wants to redevelop St. Johns River Power Park site in Jacksonville

The detonation teams have done the spectacular work of demolishing the St. Johns River Power Park. It’s just clean-up time now at the sprawling site where convoys of dump trucks haul away mangled metal remnants of the old coal-fired plant.

Each dump truck load gets JEA closer to turning 1,200 acres back into a blank canvas for what might happen next on the Northside land. One possibility would be some kind of redevelopment that ties into JaxPort’s nearby Blount Island marine terminal, but JEA has not yet decided.

“This is almost a once in a generation opportunity for Jacksonville,” JEA interim CEO Paul McElroy said at last week’s board meeting.

More: Jacksonville City Council OKs plan to replace Morocco Shrine Center with 1,000+ apartments

He said the next step will be to find a deep-pocketed partner by the end of the year “that has a global presence and is looking

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