About Ocean Renewable Power Company
Ocean Renewable Power Company is a company based in Portland (United States) founded in 2004.. Ocean Renewable Power Company has raised $40.68 million across 25 funding rounds from investors including Hatch, DOE and European Union. Ocean Renewable Power Company offers products and services including RivGen Power System, Tidgen Power System, Integrated Microgrid Solutions, and Modular RivGen Power System. Ocean Renewable Power Company operates in a competitive market with competitors including Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Oscilla Power and CorPower Ocean, among others.
- Headquarter Portland, United States
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Orpc, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.68 M (USD)
in 25 rounds
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Latest Funding Round
$199.98 K (USD), Grant
Jul 22, 2024
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Investors
Hatch
& 5 more
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Employee Count
Employee Count
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Products & Services of Ocean Renewable Power Company
Ocean Renewable Power Company offers a comprehensive portfolio of products and services, including RivGen Power System, Tidgen Power System, Integrated Microgrid Solutions, and Modular RivGen Power System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generates electricity from river currents with minimal land impact.
Provides tidal energy solutions for predictable output.
Supports grid reliability through renewable power integration.
Offers scalable energy generation for diverse waterway applications.
Unlock access to complete
Funding Insights of Ocean Renewable Power Company
Ocean Renewable Power Company has successfully raised a total of $40.68M across 25 strategic funding rounds. The most recent funding activity was a Grant round of $199.98 thousand completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 25
- Last Round Grant — $199,979
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First Round
First Round
(29 Jun 2009)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Grant - Ocean Renewable Power Company | Valuation |
investors |
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| Jun, 2022 | Amount | Grant - Ocean Renewable Power Company | Valuation |
investors |
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| Aug, 2021 | Amount | Series C - Ocean Renewable Power Company | Valuation | Canadian Shield Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ocean Renewable Power Company
Ocean Renewable Power Company has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Hatch, DOE and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Canadian Shield Capital is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location | |
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Engineering and construction management services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ocean Renewable Power Company
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ocean Renewable Power Company
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ocean Renewable Power Company Comparisons
Competitors of Ocean Renewable Power Company
Ocean Renewable Power Company 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 Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Oscilla Power and CorPower Ocean, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ocean energy technologies are provided for intelligent maritime solutions.
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| domain | founded_year | HQ Location |
CETO wave energy converters and solar PV systems are provided.
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| domain | founded_year | HQ Location |
Modular technology for deep-water offshore wind deployment is engineered.
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| domain | founded_year | HQ Location |
Provider of wave energy harvesting system
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| domain | founded_year | HQ Location |
Wave energy converter solutions provider
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| domain | founded_year | HQ Location |
Provider of wave power and wave energy devices
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ocean Renewable Power Company
Frequently Asked Questions about Ocean Renewable Power Company
When was Ocean Renewable Power Company founded?
Ocean Renewable Power Company was founded in 2004 and raised its 1st funding round 5 years after it was founded.
Where is Ocean Renewable Power Company located?
Ocean Renewable Power Company is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is Ocean Renewable Power Company a funded company?
Ocean Renewable Power Company is a funded company, having raised a total of $40.68M across 25 funding rounds to date. The company's 1st funding round was a Series C of $20M, raised on Jun 29, 2009.
What does Ocean Renewable Power Company do?
Founded in 2004 and based in Portland, United States, the company operates in the renewable energy sector with a focus on tidal power technology. Proprietary TidGen and RivGen systems are developed using a patented turbine generator unit featuring helical horizontal axis turbines. These systems are deployed in rivers and ocean currents to generate power from water flows. Operations emphasize sustainable energy solutions for marine environments.
Who are the top competitors of Ocean Renewable Power Company?
Ocean Renewable Power Company's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
What products or services does Ocean Renewable Power Company offer?
Ocean Renewable Power Company offers RivGen Power System, Tidgen Power System, Integrated Microgrid Solutions, and Modular RivGen Power System.
Who are Ocean Renewable Power Company's investors?
Ocean Renewable Power Company has 6 investors. Key investors include Hatch, DOE, European Union, Maine Technology Institute, and OSTI.GOV.