# Ocean Power Technologies

**Source:** https://www.startuphub.ai/startups/ocean-power-technologies
**Profile type:** Startup

> Ocean Power Technologies is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remo

## About

Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company that provides electric power and communications solutions for remote offshore applications. They offer PowerBuoy® wave energy converters and WAM-V® autonomous surface vessels, focusing on defense, security, oil and gas, science, and offshore wind markets. OPT has pivoted to an 'as-a-Service' model, emphasizing persistent offshore power and data communications.

## Key facts

- **Slug:** ocean-power-technologies
- **Website:** https://www.oceanpowertechnologies.com/
- **Location:** Monroe Township, United States
- **Founded:** 1984-01-01
- **Employees:** 90
- **Operating status:** Active
- **Total funding:** $2M
- **Sectors / tags:** Renewable Energy, Wave Power, Sustainable Energy, Maritime Technology, Autonomous Systems, Defense Technology, Offshore Energy, Marine Robotics, Climate Tech, Energy Storage, Ocean Observation
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/ocean-power-technologies
  - Twitter: https://twitter.com/OceanPowerTech
  - Facebook: https://www.facebook.com/oceanpowertechnologies

## Frequently asked

### What does Ocean Power Technologies do?

Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company that provides electric power and communications solutions for remote offshore applications. They offer PowerBuoy® wave energy converters and WAM-V® autonomous surface vessels, focusing on defense, security, oil and gas, science, and offshore wind markets. OPT has pivoted to an 'as-a-Service' model, emphasizing persistent offshore power and data communications.

### What is Ocean Power Technologies's revenue?

StartupHub estimates Ocean Power Technologies's annual revenue at $38.6M (range $21.3M to $99.7M, 65% confidence), based on comparable companies in the sector.

### What is Ocean Power Technologies's valuation?

StartupHub estimates Ocean Power Technologies's effective valuation at $17.6M (range $7.4M to $32.8M, 56% confidence), based on comparable companies in the sector.

### How much funding has Ocean Power Technologies raised?

Ocean Power Technologies has raised a total of $2M in funding.

### Where is Ocean Power Technologies headquartered?

Ocean Power Technologies is headquartered in Monroe Township, United States.

### When was Ocean Power Technologies founded?

Ocean Power Technologies was founded in 1984.

### What industry does Ocean Power Technologies operate in?

Ocean Power Technologies operates in Renewable Energy, Wave Power, Sustainable Energy, Maritime Technology, Autonomous Systems, Defense Technology.

### How many employees does Ocean Power Technologies have?

Ocean Power Technologies has approximately 90 people on record.

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