Ocean Power Technologies
1590 Reed Rd, Pennington, New Jersey, United States

Information from the oceans can help us understand climate change and natural disasters while also providing sources for food and energy. Persistent, reliable and cost effective instrumentation and power sources are necessary to support the maritime activities to obtain such information. Present solutions and technologies suffer from the need for costly and repetitive maintenance as well as the rather limited electric power output they provide.

Ocean Power Technologies (Nasdaq:OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. OPT's proprietary PowerBuoy® technology is based on a modular design and has undergone periodic ocean testing since 1997. OPT specializes in advanced autonomous (not grid connected), cost-effective, and environmentally sound ocean wave based power generation and management technology.

The 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 autonomous system that turns wave power into reliable, clean, and environmentally beneficial electricity for offshore applications.

Wave power is abundant in all areas of the world and its harnessing offers a dependable clean source of renewable and cost effective energy. OPT’s PowerBuoy converts such energy to provide persistent and reliable power generation for marine applications.

Current solutions for applications that require persistent, long-term operation and/or require significant power, such as batteries, solar, micro-wind and diesel, are limited and costly. The PowerBuoy with its expandable, onboard battery system (Energy Storage System) can act as an offshore Uninterruptible Power Supply (UPS).

The PowerBuoy will deliver:

Reduced operational costs (OPEX) by eliminating frequent maintenance visits to service traditional energy sources.
Real time data with enhanced density enabled by the availability of increased electrical power: Allows more effective operational decisions for improved assets utilization.
Greater availability of reliable power: Enables the introduction of new technical solutions and enhanced capability.
Proactive control and fault analysis of equipment through real time remote desktop user control and monitoring.

OPT’s PowerBuoy technology is designed to serve the offshore power requirements of the following markets:

Defense & Security
Oil & Gas
Offshore Wind
Ocean Observing

Our Vision

Transforming the world through innovative ocean energy solutions.

Our Mission

We will deliver durable, reliable, cost effective ocean energy solutions that enable new capabilities for our customers and partners, value to our shareholders, inspire our employees, and enhance the environment.

OPT's proprietary PowerBuoy® technology is based on a modular and scalable design and has undergone periodic ocean testing since 1997. OPT specializes in advanced, cost-effective, and environmentally-sound ocean-wave-based power generation and management technology. OPT's PowerBuoy system integrates patented technologies in hydrodynamics, electronics, power conversion and energy storage, and intelligent computer control systems to maximize the extraction and conversion of the natural energy in ocean waves. The result is a leading edge, ocean-tested, proprietary power conversion and management system that turns wave power into reliable, clean, and environmentally beneficial electricity for offshore applications.

OPT maintains its pioneering status in wave-energy-based renewable energy through research and development and technical advancements. OPT actively participates with other members of the offshore and renewable industries to advance and accelerate the commercialization of  this uniquely promising and enabling technology. 

Our Vision

Transforming the world through innovative ocean-energy solutions.

Our Mission

We will deliver durable, reliable, cost-effective ocean-energy solutions that enable new capabilities for ourcustomers and partners, value to our shareholders, inspire our employees, and enhance the environment.