Ocean Power Technologies

Ocean Power Technologies develops ocean-energy systems and autonomous maritime solutions for industries including defense and security, oil and gas, offshore wind and scientific research. Headquartered in Monroe Township, New Jersey, the company operates at the intersection of renewable energy generation and unmanned maritime technology.

The company produces the PB3 PowerBuoy, an autonomous wave-powered platform that converts ocean wave energy into electricity to support remote maritime and subsea operations. The system delivers continuous power and real-time data communications for monitoring and surveillance applications in locations where grid connectivity and conventional fuel supply are unavailable or impractical.

Ocean Power Technologies also manufactures WAM-V autonomous surface vehicles, which are designed for data collection, environmental monitoring and maritime surveillance in challenging ocean environments. These unmanned platforms can operate for extended periods without crew support, reducing the operational costs and safety risks associated with manned vessel deployments in remote marine locations.

The company serves government defense agencies, offshore energy operators and oceanographic research programs that require persistent autonomous presence in open-water environments.