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Ocean Power Technologies (OPT) is a leader in ocean-energy technology, specializing in sustainable maritime solutions. The company develops wave energy conversion systems like the PB3 PowerBuoy®, autonomous surface vehicles (WAM-V®), and subsea energy storage systems. These innovations support industries such as defense, offshore oil and gas, scientific research, and offshore wind, enabling cleaner, more efficient ocean operations. OPT's Hybrid PowerBuoy® ensures continuous renewable energy, while its autonomous systems enhance data collection, surveillance, and maritime intelligence. With a strong commitment to sustainability, OPT contributes to the Blue Economy by promoting renewable energy use in offshore applications. The company recently reported record financial growth and secured international contracts, expanding its presence globally. Headquartered in New Jersey, OPT continues to push the boundaries of marine technology, ensuring a more sustainable and productive future for ocean operations.
George W. Taylor
Chairman
Operating since 1984
200 Members
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