Ocean Power Technologies Inc (OPT) CEO Philipp Stratmann joins Natalie Stoberman from the Proactive newsroom to share how the latest deployment of next-generation Wave Energy Converter (WEC) Buoys is opening a new chapter for the company for elevated technology and cost-effectiveness for customers.

Stratmann says this prototype represents a significant improvement in multiple aspects. The innovative design enables modularity and commonality for the next-generation buoy platform, making it more efficient in terms of transportation, serviceability, and maintainability. Additionally, the MOSWEC buoy will be more cost-effective for customers.

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