About Ocean Power Technologies
Ocean Power Technologies is a company based in United States founded in 1984 by George W Taylor. The company has 53 employees as of April 30, 2024. Ocean Power Technologies has completed 2 acquisitions, including 3DENT and Marine Advanced Robotics. Ocean Power Technologies offers products and services including PB3 PowerBuoy, WAM-V ASVs, and Subsea Battery Solutions. Ocean Power Technologies operates in a competitive market with competitors including Carnegie Clean Energy, Marine Power Systems, CorPower Ocean, Floating Power Plant and Schottel Hydro, among others.
- Headquarter Monroe Township, United States
- Employees 53 as on 30 Apr, 2024
- Founders George W Taylor
- Stage Public
-
Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Ocean Power Technologies, Inc.
-
Annual Revenue
$5.86 M (USD)6.08as on Apr 30, 2025
-
Net Profit
-$21.51 M (USD)21.73as on Apr 30, 2025
-
EBITDA
-$19.93 M (USD)29.43as on Apr 30, 2025
-
Latest Funding Round
Not available
-
Investors
European Commission
& 6 more
-
Employee Count
53
as on Apr 30, 2024
-
Investments & Acquisitions
3DENT
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Ocean Power Technologies
Ocean Power Technologies is a publicly listed company on the AMEX with ticker symbol OPTT in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Ocean Power Technologies
Ocean Power Technologies offers a comprehensive portfolio of products and services, including PB3 PowerBuoy, WAM-V ASVs, and Subsea Battery Solutions.
Wave-powered system for ocean energy production and data collection
Unmanned surface vehicles for maritime operations and monitoring
Underwater batteries for powering remote ocean devices
People of Ocean Power Technologies
Unlock access to complete
Unlock access to complete
Funding Insights of Ocean Power Technologies
Investors in Ocean Power Technologies
Ocean Power Technologies has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include European Commission, DOE and Naval Postgraduate School.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Locked | Locked | Locked | |
|
Cleantech sector funding is provided via venture capital investments.
|
Locked | Locked | Locked | |
|
Scientific and technical information is managed and disseminated by OSTI.GOV.
|
Locked | Locked | Locked |
Investor details for Ocean Power Technologies
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Ocean Power Technologies
Ocean Power Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 3DENT and Marine Advanced Robotics.
Investment portfolio details for Ocean Power Technologies
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Maritime engineering and repair services are provided to the industry.
|
Locked | Locked | 2013 | Locked | |
|
Unmanned surface vehicle systems are provided for marine industries.
|
Locked | Locked | 2004 | Locked |
Complete acquisition details for Ocean Power Technologies
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Ocean Power Technologies
Detailed financials for Ocean Power Technologies
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Ocean Power Technologies Comparisons
Peer comparison for Ocean Power Technologies
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Ocean Power Technologies
Ocean Power Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carnegie Clean Energy, Marine Power Systems, CorPower Ocean, Floating Power Plant and Schottel Hydro, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
CETO wave energy converters and solar PV systems are provided.
|
|
| Locked | Locked | Locked |
Modular technology for deep-water offshore wind deployment is engineered.
|
|
| Locked | Locked | Locked |
Wave energy converter solutions provider
|
|
| Locked | Locked | Locked |
Floating wind and wave energy systems are developed and deployed.
|
|
| Locked | Locked | Locked |
Hydrokinetic turbines and semi-submerged platforms are provided.
|
Detailed competitors of Ocean Power Technologies
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Ocean Power Technologies
Complete news archive for Ocean Power Technologies
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ocean Power Technologies
Ocean Power Technologies was founded in 1984 and raised its 1st funding round 24 years after it was founded.
Ocean Power Technologies is headquartered in United States.
Philipp Stratmann is the current CEO of Ocean Power Technologies.
As of Apr 30, 2024, the latest employee count at Ocean Power Technologies is 53.
Annual revenue of Ocean Power Technologies is $5.86M as on Apr 30, 2025.
Ocean energy technology provider offering intelligent maritime solutions and services. The company leverages power generation and data capabilities to deliver actionable insights, promoting safer and more productive ocean operations across various sectors. These sectors include defense and security, offshore wind and oil and gas, science and research. The platform develops and deploys technologies such as wave-powered mini data centers to extend cloud computing to remote waters. The companys focus is on providing smarter, faster insights for improved maritime operations.
Ocean Power Technologies's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
Ocean Power Technologies offers PB3 PowerBuoy, WAM-V ASVs, and Subsea Battery Solutions.
Yes, Ocean Power Technologies is publicly traded on AMEX under the ticker symbol OPTT.
Ocean Power Technologies has made 2 acquisitions, including 3DENT, and Marine Advanced Robotics.
Ocean Power Technologies has 7 investors. Key investors include European Commission, DOE, Naval Postgraduate School, Government of Australia, and OSTI.GOV.
The ticker symbol of Ocean Power Technologies is OPTT on AMEX.