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Ocean Power Technologies, Inc. Message Board

  • whitmoreg whitmoreg Mar 26, 2012 5:52 PM Flag

    Outlook Looks Bleak for OPTT

    I like wavepower technology and beleave it has a future. That being said, if you study the technology you'll quickly discover that their PowerBuoy® is not only expensive compared to other approaches, i.e. breakwater based systems, but inherently less reliable and maintainable as a result. I think companies like SDE will eventually eat these guys lunch. They are on a trajectory for bankruptcy in my opinion. Also its cheaper to protect your investment with a breakwater system I can guard from shore compared to a OPTT PowerBuoy® that I have to protect from a boat. This company reminds me of the Burning Man at the festival of the same name. Only its slowly burning through cash until its no more!

    http://www.sde-energy.com/buoys.html

    Disclosure: I have no investments in any alternative energy companies nor do I have any immediate plans to do so.Discloure I have no investments in any alternative energy companies nor do I have any immediate plans to do so.

 
OPTT
0.710.00(+0.01%)May 29 3:59 PMEDT