Ocean Power Technologies, Inc.
Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept has been problematic.
Basic company information
Each field links to its source. Financial figures retain their reporting periods; background references are identified in the source list.
Company positioning and business
Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept has been problematic. [3]
Ocean Power was involved in several large PowerBuoy projects, including a very large Australian project with Lockheed Martin from 2012–2014, when they determined that "the project wasn’t 'commercially viable,' and [the company] changed its strategy. It has since commercialized the technology by providing power and communications to remote sites such as offshore oil fields." [3]
Ocean Power Technologies Australasia Pty Ltd, OPTA is an Australian-owned subsidiary of Ocean Power Technologies Inc (OPT), previously engaged in wave power projects in Australia. Ocean Power Technologies Limited is the UK-based wholly owned subsidiary. [3]
Background text: Wikipedia contributors, Ocean Power Technologies. Selected introductory paragraphs, licensed under CC BY-SA 4.0. Official filing data is cited separately.
Financial year, securities and disclosures
Listed securities: OPTT (NYSE). Multiple symbols may represent different share classes or securities of the same registrant. [1]
History and key events
Founding / inception date recorded in Wikidata. [2]
Financial results and regulatory disclosures
No individual financial documents have been indexed yet. Open the source to consult company disclosures. [1]
Related entities and concepts
Frequently asked questions
When was Ocean Power Technologies, Inc. founded?
Founded: 1984. The linked source provides the background record. [2]
Where is the headquarters of Ocean Power Technologies, Inc.?
Headquarters location: Pennington. The linked source provides the background record. [2]
Sources and review dates
- Company identity and profile data ↗
- Wikidata — company background record (CC0) ↗
- Wikipedia contributors — Ocean Power Technologies (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Financial periods and historical event dates are shown separately. Figures reflect their stated source dates; this page is not a live quote or investment recommendation.