Ocean Powered Technologies
Ocean Powered Technologies The Group's principal activity is to develop and is commercializing proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. It markets and sells its products in the United States and internationally. The Group currently offers two products as part of its line of PowerBuoy(R) systems: a utility PowerBuoy system and an autonomous PowerBuoy system. Its PowerBuoy system is based on modular, ocean-going buoys, which it has been ocean testing for over a decade. Its utility PowerBuoy system is capable of supplying electricity to a local or regional electric power grid. Its autonomous PowerBuoy system is designed to generate power for use independent of the power grid in remote locations. The Group operates in North America Source Wright Reports George Taylor is the CEO of the company. He first saw the potential of wave energy as a young Australian Surfer. As a young engineer in New Jersey he faced the energy crisis of th...