The buoy, deployed at Ennore Kamarajar Port here, will help ships, moving in and out of the harbour, navigate through a designated channel.
According to the NIOT, the buoy's beacon, for guiding ships, is powered by wave energy while conventional ones use solar power. The buoy stores energy generated by waves in a battery.
Also, the buoy would be able to record data on wind speed and direction an various other aspects, which would be relayed to port authorities, it said.
The meeting, on November 14 and 15 at NIOT premises here, will be held for the first time in India.
Rajeevan, along with Chairman of OES Henry Jeffrey and its Member-Secretary Ana e Brito Melo, also inaugurated an Ocean Thermal Energy Conversion (OTEC) desalination test facility at the NIOT premises.
Head of Energy and Fresh Water, NIOT, Purnima Jalihal told reporters that the buoy, designed for a life span of about 15-20 years, is fully indigenous and it costs less than imported buoys.
He said commercialisation was a focus area.
Asked if there was any time frame for commercialisation, Rajeevan said it depended on several factors including approvals.
Ocean Energy Systems Technology Collaboration Programme is an intergovernmental collaboration between countries. It operates under the framework established by the International Energy Agency, an NIOT release said, adding India became a member of the forum in April this year.
With the membership, India would have access to advanced research and development teams, technologies and data in the area of ocean energy across the world, it said.
OES brings together countries in advancing research and development of conversion technologies to harness energy from renewable resources such as tides, waves, currents, and temperature gradient for electricity generation and other uses such as desalination.
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