EC grants Ocean Power Technologies €2.2 million for Spanish project
UK marine energy company Ocean Power Technologies (OPT) is set to receive €2.2 million from the European Commission as part of a €4.5 million wave energy project in Spain.
The WavePort project plans to install OPT’s PowerBuoy® wave energy device at Santoña in Spain, where the company is already working with Spanish utility Iberdrola on another wave energy project.
OPT will work with other members of the project consortium to add wave monitoring and prediction tools to its device to improve energy production.
The University of Exeter in the UK has developed an innovative wave prediction capability, which will be adapted for the PowerBuoy device, while a ‘wave-by-wave’ tuning system will be developed using Norwegion company Fugro Oceanor’s wave-monitoring equipment.
The system will be able to collect and transmit data to the PowerBuoy. Other members of the project include the Wave Energy Centre in Portugal, Spanish company DeGima and ISRI in the UK.
The award, which is being made under the Seventh Framework Programme (FP7) has to be confirmed by all members of the consortium, which is expected over the next two months.