Eco Wave Power and OPT join hands to accelerate wave energy projects

Swedish-Israeli Eco Wave Power and the U.S.-based Ocean Power Technologies have set up a collaboration to use their complementary technologies and skills to accelerate wave energy projects, pursuant to a previously signed agreement. The parties will work together on several … Read More

Ocean Power Technologies welcomes new CFO

Marine energy company Ocean Power Technologies (OPT) has named Robert P. (Bob) Powers as senior vice president and chief financial officer (CFO), effective 13 December 2021. The new CFO brings more than 25 years of experience in finance and strategy … Read More

OPT to transfer to NYSE American stock exchange

US-based marine energy company Ocean Power Technologies (OPT) is set to change its listing from the Nasdaq Capital Market to the NYSE American stock exchange. The last day of trading on the Nasdaq Capital Market is expected to be 17 June, while … Read More

OPT deploys PB3 PowerBuoy for Enel Green Power in Chile

Ocean Power Technologies (OPT) has deployed its PB3 PowerBuoy for Enel Green Power (EGP) off the coast of Las Cruces in Chile to support the country’s transition to clean energy. Illustration/OPT’s PB3 PowerBuoy (Courtesy of OPT) In September 2019, EGP … Read More

OPT acquires 3Dent Technology

US-based marine energy company Ocean Power Technologies (OPT) has acquired an offshore energy engineering and design services company 3Dent Technology. OPT’s PB3 getting ready for North Sea deployment (Courtesy of Ocean Power Technologies) OPT’s first acquisition brings additional revenue from … Read More

OPT hires contractor for PowerBuoy deployment off Chile

Ocean Power Technologies (OPT) has hired SeaTrepid International to deploy a turnkey PB3 PowerBuoy and oceanographic monitoring system off the coast of Chile. PB3 PowerBuoy operating in the North Sea for Premier Oil (Courtesy of OPT) Using remote collaboration tools, … Read More

OPT lands new Aspire Capital deal

Ocean Power Technologies (OPT) has executed a new common stock purchase agreement with Aspire Capital Fund. The new deal will sea OPT sell up to $12.5 million in common stock to Aspire Capital over a term of 30 months. This … Read More