OPT devices certified as compliant with grid

Ocean Power Technologies (NASDAQ: OPTT and London AIM: OPT) says the electrical interface for its PowerBuoy® of ocean power devices has been certified as compliant with international standards.

Independent laboratory Intertek Testing Services found the company's systems comply with designated national and international standards, according to OPT.

As a requirement for utility connections, generation resources such as OPT’s PowerBuoy must conform to international safety standards, including UL1741 and IEEE1547.

As proof of OPT’s compliance, the PowerBuoy grid interface can now bear the ETL Listed Mark and can be connected to the utility grid.

OPT has been issued four patents and has filed applications for six new patents over the past six months. The new applications are in the areas of the electronic control system, power take-off, mooring design and improved hydrodynamic characteristics.

Ocean Power Technologies develops and is commercializing proprietary systems that generate electricity by harnessing the renewable energy of ocean waves.

Elements of the company’s modular, ocean-going buoy system have been ocean tested for nearly a decade. Waves move the buoy-like structure, creating mechanical energy that is converted into electricity.

OPT is one of the leading wave power development companies, but, like all companies in the sector, is still in development and trials without wide deployment. It went public in April of this year, pricing at $20 per share, but has since dipped below its offering price.

It was trading flat this morning at $15.83.

Read our ongoing coverage of OPT here. 

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