OPT deploys PowerBuoy for Rutgers, receives WAM-V order
Ocean Power Technologies announced the successful deployment of its PowerBuoy system for Rutgers University and a new purchase order for a WAM-V maritime drone from Stevens Institute of Technology. The Rutgers project, supported by the New Jersey Economic Development Authority, replaces legacy seabed cables with a flexible power and communications solution. CEO Philipp Stratmann highlighted the company's progress in converting projects to revenue and building a customer base for autonomous maritime solutions.
*this image is generated using AI for illustrative purposes only.
Ocean Power Technologies (OPT) has successfully deployed a PowerBuoy system off the coast of New Jersey in support of Rutgers, The State University of New Jersey. The company also received a purchase order from Stevens Institute of Technology for a WAM-V unmanned surface vehicle. These developments highlight OPT's continued focus on converting awarded projects into operational systems and revenue within the academic research market.
The Rutgers project, supported by the New Jersey Economic Development Authority, is now fully installed and operational. The PowerBuoy replaces a legacy ocean monitoring system that relied on fixed seabed cables, providing continuous offshore power and communications without permanent infrastructure. This system will support ongoing ocean research, environmental monitoring, and the integration of surface and subsea sensors.
The order from Stevens Institute of Technology represents an additional engagement within the academic research market, characterized by multi-phase programs, recurring funding cycles, and follow-on deployment opportunities. The maritime drone will support advanced marine research and development initiatives and is currently in production.
Philipp Stratmann, Chief Executive Officer of OPT, commented on the developments. "The Rutgers deployment reflects our continued focus on converting awarded projects into operational systems and revenue," Stratmann stated. He added that the new order from Stevens demonstrates the repeatability of OPT's offerings within the advanced autonomy and sensor community. Stratmann noted that the company is building a growing base of customers requiring ongoing deployments, upgrades, and support.
System Advantages
Unlike traditional subsea cable systems that require complex installation and are difficult to modify, the PowerBuoy can be deployed quickly, relocated as needed, and upgraded over time. This flexibility supports both initial deployments and follow-on work, including system expansion, sensor integration, and long-term service.
Project Overview
| Project | Partner | Status | Key Feature |
|---|---|---|---|
| PowerBuoy Deployment | Rutgers University | Fully Operational | Replaces legacy seabed cables |
| WAM-V Maritime Drone | Stevens Institute of Technology | In Production | Supports advanced R&D initiatives |
Will the success of the Rutgers deployment lead to similar contracts with other academic institutions looking to replace legacy seabed infrastructure?
How does OPT plan to scale production to meet potential demand if the WAM-V drone sees wider adoption within the research community?
Are there plans to adapt these autonomous systems for commercial applications beyond academic research, such as offshore energy or defense?
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