Ocean Power Technologies announced Thursday that it will be installing a water-power buoy system to tie into Hawaii's Oahu Island power grid.
The New Jersey-based company makes ocean buoys that harness the energy of ocean waves to generate electricity that is then sent back to shore via underwater cable.
Through a partnership with the U.S. Navy, Ocean Power has been developing technology that could supplement electricity needs for the military in Hawaii .
"We are pleased to be a part of the Navy's effort to develop and commercialize new technologies to reduce the Navy's dependence on fuel shipments for power generation facilities, and to meet its strategic goals and other sustainability initiatives," George W. Taylor, Ocean Power's chief executive officer, said in a statement.
Le Nouvelle Vague des Gigawatts.
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