Ocean Power Technologies has rebranded its PowerBuoy systems as PB3, replacing the previous moniker APB350.
The company said the new name corresponds to “PowerBuoy with a peak power rating of three kilowatts”.
OPT said the change is “part of its aggressive commercialisation efforts to more closely align the company’s PowerBuoy product designation with best practices of analogous industries based on power generation and on-board energy storage capabilities”.
OPT vice president of engineering Mike Mekhiche said: “The system designation change incorporates market feedback, input from the Technology Advisory Panel and potential customers.
“While there are no established standards and methods for defining the power rating of a wave energy conversion device such as the PowerBuoy, OPT selected a generally accepted approach based upon best practices in other industries such as renewable energy.”
Image: the PowerBuoy wave energy device (OPT)
