Ocean Power Technologies (OPT) has announced the launch of a new technology initiative to improve the efficiency of its PowerBuoy wave energy systems.
OPT said that it will be working with a consortium of European companies and institutions to develop a new wave prediction model.
The consortium members include the Wave Energy Centre (Portugal), Fugro Oceanor (Norway), DeGima (Spain), the University of Exeter (UK), and ISRI (UK).
The new system will assess the characteristics of each incoming wave before it reaches the PowerBuoy unit, providing more time for the electronic tuning capability to react.
OPT says that this will significantly boost the power output and reduce the cost per MWh of the electrical energy produced.
The new technology will be included in a new PB40 PowerBuoy to be installed at an existing mooring site at Santona, Spain. The project is due to receive environmental consents from the Spanish government later this year.