Ocean Power Technologies and Stratum Holdings signed a non-binding letter of intent to demonstrate offshore data center assets powered by wave, wind and solar energy, with no power cable to shore. Under the proposal, Ocean Power would grant Stratum a limited, non-exclusive license to certain PowerBuoy patents and supply prototype PowerBuoy assets, while Stratum would provide GPUs, including NVIDIA B300 chips, along with integration expertise and pay Ocean Power a monthly retainer. The test would check whether edge AI inference can run mainly on onboard renewable generation, and whether cooling from the ocean environment can reduce power use, which the companies say has not yet been demonstrated. The terms depend on reaching definitive agreements, and early work would focus on system integration, performance validation and data collection. Results, if any, could inform future uses such as maritime domain awareness and offshore energy monitoring.
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Ocean Power Technologies (NYSE American: OPTT) and Stratum Holdings (NASDAQ: SRTM) signed a non-binding letter of intent to collaborate on demonstrating offshore data center assets powered by wave, wind and solar energy. Under the LOI, OPT would grant Stratum a limited, non-exclusive license to certain PowerBuoy® patents and make prototype assets available, while Stratum would provide GPU assets, including NVIDIA B300 GPUs, and integration expertise and pay OPT a monthly retainer under definitive agreements yet to be negotiated. The aim is to test whether edge AI inference can run on systems powered mainly by onboard renewable generation without a power link to shore. OPT holds more than 60 patents worldwide, including more than 15 in the U.S. The companies believe cooler ocean regions could reduce cooling-related power demand, but this has not yet been demonstrated and will be tested.
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