Wave energy generating devices for Oregon

Ocean Power Technologies (OPT), Inc., a leading wave energy technology company, announced that it is awarding four major new contracts to Oregon companies in connection with the manufacture of its PB150 PowerBuoy(R) wave energy generating device, and its deployment off the coast of Reedsport, Oregon.

The four Oregon companies receiving the new contract awards are American Bridge Manufacturing, Cascade General, a subsidiary of Vigor Industrial, LLC, Oregon Iron Works and Sause Bros., Inc.

With these new contracts, Ocean Power Technology and Oregon are entering a further phase of Oregon's initiative to be a world leader in the responsible development of wave energy. After the initial PowerBuoy is deployed and tested off the coast of Reedsport, expected later this year, OPT plans to construct the first commercial-scale wave power station in the US, consisting of up to nine additional PowerBuoys and grid connection infrastructure, subject to receipt of all necessary regulatory approvals and additional funding. This wave energy array will be developed by Reedsport OPT Wave Park, LLC.