Ocean Power Technologies, Inc.

OPT provides persistent, reliable, and economical autonomous power and real-time communications for offshore remote surface and subsea applications in offshore oil and gas, defense and security, science and research, communications, fisheries, and other markets. At the core of OPT solutions are the company’s PB3 PowerBuoy® wave energy converter, hybrid PowerBuoy®, and Subsea Battery.

OPT’s PB3 PowerBuoy® uses proprietary technologies to convert the kinetic energy created by the heaving motion of ocean waves into electricity, while the hybrid PowerBuoy® generates electricity from solar power and an efficient Stirling engine. OPT’s Subsea Battery integrates with PowerBuoy® products for recharging or can be utilized as a standalone power source.

OPT is based in New Jersey and has a Texas regional office near Houston’s Energy Corridor, as well as representation in the U.K., Europe, and Asia.