Ocean Power Technologies signs 12-month PowerBuoy lease with Stanford for marine research
OPTT•Ocean Power Technologies signed a 12-month PowerBuoy lease with Stanford Doerr School of Sustainability to support marine research in Monterey Bay, California.
1. Lease details
The arrangement would transfer the Naval Postgraduate School's lease to Stanford, keeping the system in Monterey Bay. It includes remote monitoring, diagnostics and maintenance; third-party research instruments would require separate arrangements.
