Monroe Township-based Ocean Power Technologies recently announced it has signed a Memorandum of Understanding with AltaSea at the Port of Los Angeles. The joint aim is to explore exciting opportunities within the “Blue Economy” — the idea of using ocean resources for economic and social benefits without harming the environment. This agreement follows a recent visit to AltaSea by Philipp Stratmann, CEO and president of OPT.
“As we continue our growth, we are excited to partner with AltaSea to explore supporting the group of companies developing and deploying marine energy and Blue Economy technologies and projects here in the Port of Los Angeles. We are also excited about the opportunities for staging our renewable energy PowerBuoys and WAM-V unmanned surface vehicles at AltaSea for other projects in the Pacific Ocean,” Stratmann said.
Jade Clemons, director of the Blue Sustainable Economy Alliance at AltaSea, shared: “We couldn’t be more pleased to welcome OPT to the AltaSea wave and tidal energy coalition. There’s extraordinary potential, and extraordinary need, for marine energy in California as the state strives to meet its clean energy goals. The experience and expertise OPT brings to the space will be valuable to advancing the industry as a whole statewide.”
AltaSea at the Port of Los Angeles, located on 35 acres at North America’s leading seaport by both container volume and cargo value, is an ocean technology campus that has become the hub for marine science, research and education. AltaSea has 27 tenants exclusively focused on ocean innovation and research collaborations with numerous colleges and universities, including the University of Southern California and UCLA — all finding solutions to climate change through the ocean. AltaSea is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation and inspiring the next generation, all for a more sustainable, just and equitable world.
