Ocean Power Technologies, Inc.announces that its subsidiary, Ocean Power Technologies, Ltd, based in Warwick, England has been awardeda £1.5 million (approximately $2.3 million) grant from the South West of England Regional Development Agency (“SWRDA”) for the development of its next generation 500kW PowerBuoy(R) wave power system. The award will further strengthen OPT’s long-term involvement with Britain’s southwest region, where it became the first company to commit to participate in Wave Hub, the £42 million wave energy farm for which the infrastructure is now under construction by SWRDA at Hayle, Cornwall, England. Read More
