Ocean Power Technologies
Boats & Submarines · New Jersey, United States · 51-200 Employees
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Overview
Headquarters
28 Engelhard Dr, Jamesburg, New Jersey, ...Phone Number
(609) 730-0400Revenue
<$5 MillionStock Symbol
OPTTIndustry
ZI Rank: 1
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ZI Rank
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About Ocean Power Technologies
Ocean Power Technologies is a renewable energy and maritime technology company that develops autonomous systems powered by ocean waves and other renewable sources. Its solutions combine energy generation, data collection, and communication capabilities to support offshore operations in sectors such as defense, energy, and research. Independent observers view the company as part of the growing ocean-tech and clean energy ecosystem, providing innovative platforms that enable remote monitoring, sustainable power delivery, and improved operational efficiency in challenging marine environments.Explore more
Ocean Power Technologies Org Chart
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Ocean Power Technologies is experiencing very low activity levels compared to other companies in the Manufacturing sector.
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Ocean Power Technologies is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Ocean Power Technologies.
Ocean Power Technologies financials insights
Gather financial insights about Ocean Power Technologies, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Other Financing Round
$900K
Private Equity
$12.5M
2021
Grant
$1M
2026
Debt
$10M
Ocean Power Technologies Tech Stack
A closer look at the technologies used by Ocean Power Technologies
Most Recent Scoops
Person-Based
Person-Based
Research & Development, Energy / Power
Person-Based
Infrastructure, Governmental Affairs & Regulation, Energy / Power, Regulations
Person-Based
Person-Based
Ocean Power Technologies News & Media
Ocean Power Technologies Announces Deployment of PowerBuoy® System for Rutgers University and New Maritime Drone Order from Stevens Institute of Technology
MONROE TOWNSHIP, N.J., June 24, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT) today announced the successful deployment and commissioning of a PowerBuoy® system off the coast of New Jersey in support of Rutgers, The State University of New Jersey. The Company also announced it has received a purchase order from Stevens Institute of Technology for one of its maritime drones, the WAM-V® unmanned surface vehicle.Ocean Power Technologies Demonstrates Strong Field Performance from DHS Deployment and Advances Operational Scalability
MONROE TOWNSHIP, N.J., June 08, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced successful field performance and power generation from its recently deployed MERROWS™-equipped PowerBuoy® system supporting maritime domain awareness operations for the U.S. Coast Guard off the coast of San Diego.Ocean Power Technologies Announces Pricing of $10,000,000 Registered Direct Offering Priced At A Premium to Market
MONROE TOWNSHIP, N.J., June 05, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 25,000,000 shares of the Company’s common stock together with common warrants to purchase up to 25,000,000 shares of common stock in a registered direct offering at a combined purchase price of $0.40 per share ofOcean Power Technologies Expands International Defense Engagements Across Europe
MONROE TOWNSHIP, N.J., June 01, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced continued expansion of its international defense engagement activities across Europe, including recent engagements in Poland and Norway focused on maritime security, autonomous systems, and persistent maritime domain awareness.
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Ocean Power Technologies is a renewable energy and maritime technology company that develops autonomous systems powered by ocean waves and other renewable sources. Its solutions combine energy generation, data collection, and communication capabilities to support offshore operations in sectors such as defense, energy, and research. Independent obse... Read More
