Ocean Power Technologies Australasia Pty Ltd is a subsidiary of Ocean Power Technologies Inc (OPT), a leading renewable energy company specialising in cost-effective, technologically-advanced and environmentally-friendly offshore wave power technology.
OPT's PowerBuoy® system extracts the natural energy in ocean waves using the integration of patented technologies in hydrodynamics, electronics, energy conversion and computer control systems.
Because energy levels decrease exponentially with increasing depth below the surface, OPT's PowerBuoy is designed to harvest the ocean's energy where it is at its maximum – at the ocean surface. The PowerBuoy is a “smart” system capable of dynamically responding, or tuning itself, to each wave, thus enabling the harvest of maximum energy. In addition, its robust construction can weather the harshest storms.
The result is a leading edge, ocean-tested, proprietary wave power system which generates reliable, clean, and environmentally-beneficial electricity.