Ocean Power Technologies Receives Funding From Naval Postgraduate School For Year-Long Deployment Of A PowerBuoy In Monterey Bay
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies (OPTT) has been awarded funding by the Naval Postgraduate School for a year-long deployment of its PowerBuoy technology in Monterey Bay. This initiative aims to demonstrate the capabilities and reliability of the PowerBuoy system in a real-world setting.
February 14, 2024 | 1:19 pm
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POSITIVE IMPACT
Ocean Power Technologies receives funding for a significant project involving its PowerBuoy technology, indicating potential growth and increased visibility in renewable energy sectors.
The funding and deployment of PowerBuoy in Monterey Bay by the Naval Postgraduate School not only validates the technology but also potentially opens up new opportunities and markets for Ocean Power Technologies. This could lead to increased investor interest and a positive impact on the stock price in the short term.
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IMPORTANCE 80
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