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Stock impact report

Ocean Power Technologies Signs Agreement with Enel Green Power (EGP)

Ocean Power Technologies, Inc. (OPTT) 
Company Research Source: GlobeNewswire
MONROE TOWNSHIP, N.J., Aug. 15, 2018 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT) a leader in innovative ocean energy solutions, today announced that the Company signed an agreement with Enel Green Power S.p.A. (EGP), a subsidiary of Enel Group which is a multinational energy company and one of the world’s leading integrated electricity and gas operators.  Under the terms of the contract, OPT will evaluate a PB3 PowerBuoy™ deployment along the coast of Chile through a detailed feasibility study of the PowerBuoy™ as an offshore autonomous platform hosting oceanographic sensor systems.  “This collaboration with Enel Green Power is a significant opportunity for OPT to play a critical role in the Chilean marine energy market,” stated George H. Kirby, OPT’s President and Chief Executive Officer.  “EGP is a world leader in delivering renewable energy, and this opportunity potentially allows for the PB3 PowerBuoy™ to be Chile’s first autonomous wave power installati Show less Read more
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