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Ocean Power Technologies (OPT) is a leading renewable energy company specializing in cost-effective, advanced, and environmentally sound wave power technology. OPT's PowerBuoy® system integrates patented technologies in hydrodynamics, electronics, energy conversion, and computer control systems to extract the natural energy in ocean waves. The result is a leading edge, ocean-tested, proprietary system that turns wave power into reliable, clean, and environmentally beneficial electricity.

LATEST NEWS


Jan
2014

Ocean Power Technologies Receives $1.75 Million Through New Jersey's Technology Business Tax Certificate Transfer Program


Jan
2014

Ocean Power Technologies Announces New Head of Autonomous Power Business Unit


Jan
2014

Ocean Power Technologies Announces Funding Agreement with Australian Government for A $66.5 Million Grant

Dec
2013

Ocean Power Technologies Appoints New Chief Financial Officer

Dec
2013

Ocean Power Technologies Announces Results for the Fiscal Second Quarter Ended October 31, 2013

Oct
2013

Ocean Power Technologies Awarded $2.6 Million Contract by Mitsui Engineering & Shipbuilding for Development and Supply of Japan Utility PowerBuoy System

Oct
2013

Ocean Power Technologies and Mitsui Engineering & Shipbuilding Announce Agreement to Commercialize PowerBuoys

Oct
2013

Ocean Power Technologies Announces Election of New Director

Oct
2013

Ocean Power Technologies Demonstrates Sonar Surveillance in DHS Autonomous PowerBuoy Application

Sept
2013

Ocean Power Technologies Awarded $1.0 Million by U.S. Department of Energy


LATEST DEPLOYMENT! Our unique Autonomous Wave Energy device deployed for sea trials


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MEDIA




Lockheed and Ocean Power plan world’s biggest wave-energy plant.
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Read our feature story in the January 2014 issue of The International Resource Journal.
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Read how a OPT's Autonomous PowerBuoys provide power to communications and sensor payloads in a variety of ocean conditions.
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The deployment of an OPT PowerBuoy off the coast of Scotland
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OPT's Scottish PowerBuoy on cover of Sea Technology Magazine
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NEWS HIGHLIGHTS

OPT & the State of New Jersey

Ocean Power Technologies Receives $1.75 Million Through New Jersey's Technology Business Tax Certificate Transfer Program

OPT & Mitsui Engineering & Shipbuilding (“MES”)

$2.6 Million contract in 2013 for development and supply of Japan Utility PowerBuoy® System.

Agreement in 2013 to cooperate in the development and commercialization of OPT's PowerBuoy® technology.

$900,000 contract in 2012 for development of PowerBuoy® technology for use in Japanese sea conditions.


PROJECTS




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PROJECT PARTNERS

Department of the Navy
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UTILITY SCALE POWER POD

UTILITY SCALE POWERBUOY
Converts ocean waves into power for
the grid. Learn More

AUTUNOMOUS POWER POD

AUTONOMOUS POWERBUOY
Converts ocean waves into power for
at-sea applications. Learn More

UNDERWATER SUBSTATION POD

MARINE ENERGY INFRASTRUCTURE
Products and expertise to ensure successful networking and transmitting offshore of marine energy to onshore grids. Learn More

Sea Technology

OPT's Scottish PowerBuoy on Cover of
Sea Technology Magazine


Sea Technology
Magazine featured OPT's utility-scale PB150 PowerBuoy on the front cover of its April 2011 issue. This is the first time utility-scale PB150 has been on a front cover. Sea Technology's goal is to provide their "global audience with current information on the various segments of the worldwide marine/ocean industry through state-of-the-art and application articles, news columns, and staff reports".

Sea Technology has a monthly print circulation of 17,000 and is read worldwide in more than 110 countries. Sea Technology's digital version will be going online in June. Their website receives an average of 410,000 hits per month.