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OPT inks PB3 PowerBuoy pact with Eni

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PB3 PowerBuoy deployed off of NJ during the U.S. Navy Littoral Expeditionary Autonomous PowerBuoy program.
PB3 PowerBuoy deployed off of NJ during the U.S. Navy Littoral Expeditionary Autonomous PowerBuoy program. - ()

Ocean Power Technologies of Monroe Township will supply worldwide energy company Eni S.p.A. its PB3 PowerBuoy for a demonstration of one Eni’s oil and gas operations in the Adriatic Sea.

OPT’s PB3 converts ocean waves into an electric power source, in depths from 20 up to 1,000 meters, continuously charging an onboard generator and battery pack. It also includes considerations ensuring power delivery during calm waters. In addition to power generation the PB3 provides real time data transfer and communication to shore-based facilities.

OPT will assist with deployment of the product, data collection and general monitoring. After an initial 18-month lease, Eni will have the option to extend for an additional 18 months or purchase the PB3. The project is expected to begin sometime this month.

“This commercial agreement with Eni is our first in the oil and gas market and is a significant milestone for our company,” OPT President and CEO George Kirby said in a release.

Eni will use the PB3 PowerBuoy in advancement of their Clean Sea technology, an underwater robot similar to a drone used for environmental monitoring and offshore asset inspection.

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Jessica Perry

Jessica Perry


Jessica is the Web Editor for NJBIZ. You can reach her at jperry@njbiz.com.

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