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16 Aug 11. President Obama announced a major initiative to spur the advanced biofuels industry and enhance America’s energy security. According to the USDA Office of Communications, the U.S. Departments of Agriculture, Energy and Navy will invest up to $510m during the next three years in partnership with the private sector to produce advanced drop-in aviation and marine biofuels to power military and commercial transportation. (Source: Yahoo!/Marketwire)
22 Aug 11. Ocean Power Technologies, Inc. announced the deployment for sea trials of a unique autonomous wave energy device, marking an important milestone in the expansion of the Company’s PowerBuoy product line. This latest deployment is an autonomous PowerBuoy® designed and manufactured by OPT under the US Navy’s Littoral Expeditionary Autonomous PowerBuoy (LEAP) program for coastal security and maritime surveillance. The LEAP PowerBuoy structure, incorporating a unique power take-off and on-board energy storage system, is significantly smaller and more compact than the Company’s standard utility PowerBuoy. It provides persistent, off-grid clean energy in remote ocean locations for a wide variety of maritime security and monitoring applications. Under the LEAP program, OPT has integrated its autonomous PowerBuoy with radar network and communications infrastructure from Rutgers University’s Institute of Marine and Coastal Sciences in partnership with CODAR Ocean Sensors. This
PowerBuoy provides power at the lower levels needed for the sophisticated vessel detection and tracking system, enabling maritime surveillance in the near coast, harbors and littoral zones worldwide. Mikros Systems Corporation provided data and systems architecture support for the PowerBuoy/radar network. (Source: Yahoo!/BUSINESS WIRE)