PowerBuoy Generates 0.5 MWh in U.S. Coast Guard Trial, 65,000 RSUs Granted
OPTT•Ocean Power Technologies’ MERROWS-equipped PowerBuoy generated nearly 0.5 MWh powering U.S. Coast Guard maritime domain awareness ops off San Diego, validating rapid offshore deployment and integration with Anduril’s AI-powered Lattice system. Company granted 65,000 RSUs to new U.S. Defense Senior Director vesting over nine months to drive defense sales momentum.
1. Field Performance Demonstration
Ocean Power Technologies deployed its MERROWS-equipped PowerBuoy off San Diego to support U.S. Coast Guard maritime domain awareness, generating close to 0.5 MWh of renewable energy to date and sustaining reliable operations in an active maritime environment.
2. Operational Scalability and AI Integration
The system’s integration with Anduril’s Lattice AI-powered control platform validates OPT’s ability to rapidly deploy persistent offshore infrastructure for defense applications and supports plans to enhance cross-functional visibility across manufacturing, deployment and logistics.
3. Executive Inducement Grant
The compensation committee approved a 65,000 restricted stock unit inducement award for Rob O’Malley as U.S. Defense Senior Director, vesting over nine months subject to performance targets, to bolster the company’s defense business development efforts.
