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Ocean Power Technologies

2 Disclosed Funding Rounds $65,653,219

0 Participating Investments


Energy, Energy Storage, Renewable Energy

Ocean Power Technologies focuses on capturing and converting wave energy into electricity using innovative power take-off systems.

Pennington, New Jersey, United States, North America (US)

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Organizations in North America in Energy Storage,
Organizations in North America in Renewable Energy

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Investors in New Jersey in Energy Storage,
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Investors in North America in Energy Storage,
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East Coast (0 Investors) (0 Startups), Northeastern US (0 Investors) (0 Startups)

Founded date 01, 1994

Operating Status Active

Funding Stage IPO

Last Funding Type Grant

Company Type For Profit


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Ocean Power Technologies, Inc. develops and is commercializing systems that generate electricity by harnessing the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies to convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company offers two PowerBuoy products, which consist of its utility PowerBuoy system and its autonomous PowerBuoy system. The Company’s utility PowerBuoy system, which is designed to supply electricity to a local or regional electric power grid, and the Company’s autonomous PowerBuoy system, which is designed to generate power for use independent of the power grid in remote locations.

Date Round Raised Lead
June, 27, 2014 Grant $4,713,219 -------
November, 01, 2009 Grant $60,940,000 -------

Ocean Power Technologies Investors (1)

Investor Lead? Round Participating Raise Date Partners
Australian Renewable Energy Agency No Grant $4,713,219 June, 27, 2014 -------