March 24, 2025 - 11:08
In a significant development for the maritime industry, Ocean Power has announced a major contract that will see the deployment of its advanced AI-enabled PowerBuoy system along the US East Coast. This innovative technology aims to enhance maritime monitoring capabilities while generating new revenue streams for the company.
The PowerBuoy system is designed to harness wave energy, converting it into electricity to power various applications. With the integration of artificial intelligence, the PowerBuoy will not only provide energy but also facilitate real-time data collection and analysis, improving situational awareness in marine environments.
This contract marks a pivotal expansion of Ocean Power's presence in the US market, highlighting the growing demand for sustainable and intelligent energy solutions in the maritime sector. The deployment is expected to contribute significantly to environmental monitoring efforts and support various industries reliant on maritime operations.
As the project progresses, Ocean Power anticipates that the AI-enhanced PowerBuoy will play a crucial role in advancing the future of ocean energy and maritime technology.
