Ocean Power installs PowerBuoy for Rutgers, lands WAM-V drone order
OPTT•Ocean Power Technologies fully commissioned a PowerBuoy® system off New Jersey for Rutgers University, funded by the New Jersey Economic Development Authority, replacing legacy seabed cables with continuous offshore power and communications. The company also received an order from Stevens Institute of Technology for a WAM-V® unmanned surface vehicle.
1. Rutgers Deployment
Ocean Power Technologies has completed installation and commissioning of a PowerBuoy® system off the New Jersey coast for Rutgers University, funded by the New Jersey Economic Development Authority. The buoy replaces fixed seabed cables, delivering continuous offshore power and real-time data communications to support ocean research, environmental monitoring and sensor integration.
2. Stevens Institute Order
The company received a purchase order from Stevens Institute of Technology for one WAM-V® unmanned surface vehicle, marking another contract in the academic research market. The maritime drone, currently in production, will support advanced marine research and underscores growing demand for OPT’s autonomous maritime solutions.
3. Executive Commentary
Chief Executive Officer Philipp Stratmann highlighted that the Rutgers project demonstrates OPT’s ability to convert awarded projects into revenue-generating operational systems, while the Stevens order reflects repeatability and ongoing engagement within the advanced autonomy and sensor community. These developments contribute to a growing customer base requiring deployments, upgrades and long-term support.
