OPT receives development grant

Wave power company Ocean Power Technologies (OPT) has been awarded a £1.5m grant by the South West of England Regional Development Agency (SWRDA) for the development of its next-generation 500kW Powerbuoy wave power system.

The award will enable OPT to strengthen its long-term involvement with the south west of Britain − in particular with its participation in Wave Hub, the £42m wave-energy farm for which the infrastructure is now under construction by the SWRDA in Cornwall.