Oil & Gas decommissioning Power Buoy could be useful in renewables industry

The buoy supports an extended heave plate to control the buoy motions and inside the buoy is a float that moves up and down with the wave motion

US company Ocean Power Technologies has signed an agreement with the British oil company Premier Oil to study the feasibility of using the PB3 Power Buoy for decommissioning operations in the North Sea. The system could also have application in the wind and wave power generation sectors.

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