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Article: OPT Secures 2MW Berth at European Marine Energy Centre at Orkney Islands, Scotland.
- Article from:
- Business Wire
- Article date:
- July 28, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PENNINGTON, N.J. -- Ocean Power Technologies Ltd., a subsidiary of Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) (collectively, "OPT") today announced it has signed a Berth Agreement with the European Marine Energy Centre ("EMEC") located in Orkney, Scotland.
In 2007, OPT was awarded a grant by the Scottish Government for the construction and installation of its PB150 PowerBuoy at EMEC. The Berth Agreement provides for the deployment and operation of OPT's PB150 PowerBuoys[R] as well as their connection to the wave energy berth's dedicated 2MW subsea cable already installed and connected to the Scottish grid. The Berth Agreement ...