Ocean Power Secures Contract for AI-Enhanced PowerBuoy Deployment on East Coast
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.
MORE NEWS
February 3, 2026 - 13:55
SoftBank subsidiary to work with Intel on next-gen memory for AIA strategic partnership has been announced between Intel Corporation and a subsidiary of SoftBank Group, aiming to accelerate the commercialization of cutting-edge memory solutions specifically...
February 2, 2026 - 21:25
Disability studies professor explores 'double bind' of medical technology in new bookMedical technology is often viewed as a neutral tool for healing or curing; however, for many disabled people, it represents a complex power dynamic between their own lived experiences and clinical...
February 2, 2026 - 03:07
Mizuho lifts Micron Technology, Inc. (MU)’s price target to $480, maintains outperform ratingInvestment firm Mizuho Securities has significantly increased its price target for Micron Technology, Inc. (MU), expressing strong confidence in the memory chipmaker`s financial trajectory. The...
February 1, 2026 - 03:04
A $1,000 Seed in Micron 42 Years Ago Would Have Blossomed into a FortuneThe staggering returns from early investments in technology titans are coming into focus, with Micron Technology serving as a prime example. A modest investment made decades ago would have yielded...