Ocean Power Technologies Australasia Pty Ltd (OPTA) is an Australian company, a subsidiary of Ocean Power Technologies Inc (OPT) of the United States, a renewable energy company, providing power generation devices, services and related equipment for the extraction of energy from ocean waves. In 2009 OPTA was part of Victorian Wave Partners formed to develop a 19 megawatt wave power project near Portland, Victoria connected to the grid. The project was to receive an AU$66.46 million grant from the Australia federal government. By 2014, the consortium had abandoned the project, saying it was not commercially viable. OPT had given up on plans to develop the project, which was to cost $232 million for which the Australian government had offered $66.5 million in funding support.
Media Coverage
2012 Wave Energy Company Finds Its Sea Legs Victoria project - January Victoria Australia project to add jobs - July Ocean Power Technologies and Lockheed Martin take wave power down under - July Ocean Power Technologies and Lockheed Martin to Develop Wave-Energy Project in Australia - July Innovations In Wave Power: An Interview With Dr. George Taylor - July Lockheed Martin, Woodside in wave power project - July Oregon wave power project gets green light to go forward - August Ocean Power Technologies Receives Federal Approval for the First Commercial Wave Farm in the US - August Federal approval for the first commercial wave farm Reedsport Development News - September OPT To Work With U.S. Department Of Homeland Security - September Reedsport Development Update - Deployment in spring 2013 - October Alliance with Mitsui Engineering & Shipbuilding-Japan - October Herald On-Line: Mitsui Alliance - October OPT Contract Awarded by Mitsui - October OPT and Mitsui to steer wave device to possible Japan launch - October OPT Establishes New Business Unit to Drive Growth - November
See also
Ocean energy Wave power Wave farms
References
External links Official website OPTA Victoria Wave Partners Archived 2013-05-17 at the Wayback Machine Official website OPT OPT Global Partners Archived 2013-01-30 at the Wayback Machine Business data for Ocean Power Technologies Inc.:
