Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed more than four months of offshore testing of its Next Generation PowerBuoy in the Atlantic Ocean off New Jersey.
The PowerBuoy is solar and wind power capable and equipped with the company’s proprietary AI-enabled ocean intelligence platform Merrows.
The company said the PowerBuoy’s system maintained 100% data uptime and the batteries’ state of charge remained higher than 90% throughout the deployment.
During the deployment, various intelligence, surveillance, and reconnaissance demonstrations were carried out for potential clients.
Philipp Stratmann, OPT CEO, expressed his excitement about the milestone.
“Achieving 100% data uptime during testing is a testament to the robustness and reliability of our technology, designed to operate in the most challenging marine environments,” he said.
The PowerBuoy, which operated offshore during Hurricane Ernesto and Tropical Storm Debby, has now been moved to the OPT facility for the integration of subsea connectors and AT&T’s 5G system for the previously announced deployment for the Naval Postgraduate School (NPS) in Monterrey, California.
Upon receipt of all permits and the completion of factory acceptance testing, the system will be moved to California for installation.
“We are excited to take the next step and deliver this groundbreaking system to NPS, marking a significant milestone in advancing sustainable ocean monitoring solutions,” Stratmann said.