STOCKHOLM, Sweden and MONROE TOWNSHIP, New Jersey – Eco Wave Power and Ocean Power Technologies Inc. (OPT) are working to use their complementary technologies and skills to accelerate wave energy projects.
The companies will work together on several fronts, including knowledge sharing, joint grant submissions, and collaborative assistance in entry to new markets.
In addition, joint solutions can be developed using each company’s respective offshore and onshore technologies, and leveraging OPT’s offshore engineering and newly acquired robotics capabilities in Eco Wave Power’s applicable projects.
Inna Braverman, founder and CEO of Eco Wave Power, said: “This is an exciting time for the wave energy industry… I believe this collaboration will open the door to cross-industry knowledge sharing, as we understand that we are working towards the same goal.”
Philipp Stratmann, president and CEO of OPT, said: “OPT’s knowledge and understanding of the offshore environment combined with Eco Wave Power’s track record of near-shore wave energy conversion installations present opportunities to unlock the power in waves.”