The company said it will work with a consortium of European firms and institutions to advance the energy conversion system of the PowerBuoy device through the development of a new wave prediction model.
The new system will assess the characteristics of each incoming wave before it reaches the PowerBuoy wave power station, thereby providing more time for the electronic tuning capability to react.
This is expected to boost the power output of the PowerBuoy and reduce cost per MWh of energy produced.
OPT was awarded EUR2.2m under the WavePort project, an initiative of the European Union’s Seventh Framework Programme for research and innovation.
