OPT finds larger manufacturing base

OPT's new headquarters (Photo: OPT)

Wave energy company Ocean Power Technologies (OPT) has completed the relocation of its corporate headquarters and manufacturing operations in New Jersey.

The expanded facility is located in Monroe, approximately 40 miles southwest of New York City.

It offers around 56,000 square feet of manufacturing and office space, nearly doubling the size of its previous facility, OPT said earlier.

The larger space is expected to support the company’s increased operational needs and future growth, according to George Kirby, President and CEO of OPT.

Kirby said: “[The new location] enhances our manufacturing capabilities and advances our safety and quality programs. It also provides us the ability to scale the business by continuing to grow our manufacturing, sales and marketing teams to drive business development.

“The move to the new location is an important step for our company, our customers and our employees, and it has come at the right time to address what we believe is increased demand for our products and services. This new campus will allow for manufacturing of multiple buoys in a highly technical space.”

OPT has developed and is seeking to commercialize its proprietary PowerBuoy technology, which is based on a modular design and has undergone periodic ocean testing since 1997.

The PowerBuoy can act as both power and communication platform for remote offshore applications.

Share this article

Follow Tidal Energy Today

Events>

<< Jan 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Waterpower Week 2018

This 3-day jam packed event provides you the opportunity to network, learn about legislative and regulatory initiatives, and discuss…

read more >

Marine Moorings Masterclass – STORM project

Funded by Innovate UK, the STORM (Specialised Thimbles for Offshore Renewable Marine energy) project is aiming to design a new multi-material…

read more >

RenewableUK Wave & Tidal 2018

The event will bring together leading developers, OEM’s, financial and innovation funding experts, technical and safety professionals…

read more >

Scottish Renewables Annual Conference

Scottish Renewables’ Annual Conference 2018 will take place against a background of these debates and examine in detail what these changes…

read more >