// ABOUT

OUR COMPANY

Jump to Vision & MissionCore Values

A pioneer in ocean-energy technology, Ocean Power Technologies’ sustainable power generation and data capabilities with low- and no-carbon solutions allow for smarter and faster actionable insights as ocean operations become increasingly digitized.

Energizing Ocean Intelligence™

Founded in 1984 and headquartered in Monroe Township, New Jersey, OPT initially focused on the research and development of large systems meant to harness the power of the ocean to supply power to mainland electrical grids. The PowerBuoy® wave energy converter (WEC) was borne of these efforts and evolved over years of trials and periodic ocean testing since 1997.

In 2015, OPT pivoted to commercializing a PowerBuoy® to provide autonomous, zero-carbon power and data solutions for the increasing electrical needs of offshore industries, scientific research, and territorial security, among other applications. These critical missions require consistent power, 24/7 full-scale data capabilities, and real-time communications.

The OPT PB3 PowerBuoy® became the company’s first fully commercial product, generating electricity by harnessing the renewable energy of ocean waves. OPT has also introduced the hybrid PowerBuoy® and Subsea Battery, which leverage our existing expertise in offshore power systems to expand our product line and diversify OPT’s solutions.

In 2021, OPT acquired 3Dent Technology, an offshore energy engineering and design services company based in Houston, Texas. 3Dent’s offshore engineering services support oil and gas, offshore wind, and other industries, from early-stage innovation to detailed structural analysis.

For more information about OPT, visit the Investor Relations page to read our latest Annual Report.

 

Our Vision

Connecting our oceans with those who operate there.

Our Mission

Ocean Power Technologies provides intelligent maritime solutions and services that enable safer and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets.

Core Values

Inclusiveness
OPT welcomes the diversity of our employees, partners, and customers and honors the value of their unique experiences and perspectives. We are committed to creating an environment that is inclusive of all.

Unwavering Integrity
Everyone at OPT has the power to influence our company’s reputation. Never allow anything or anyone to compromise our commitment to integrity, and always conduct ourselves ethically. Recognize that just because something is legal, it does not mean that it is the right thing to do.

Safety as a Priority
Safety is first in our workplace. Demand a safe work environment before anything else. Embrace safety as a personal responsibility, and always look out for fellow colleagues. Be proud of where we work, and seek to continuously improve it.

Fanatical External Focus
Customers are the single most important stakeholders in our business. Be responsive, results-oriented, and accountable. Demonstrate a fanatical focus on delivering on commitments and continue to honor our customers.

Fixate on Execution
Be infectious with curiosity, and contagious with desire to continuously learn and improve. Have impact every day. Find new ways to share our expertise. Communicate clearly and frequently. Do what needs to be done and hold each other accountable for execution and results. Never say “it cannot be done”. Instead, use our collective innovation to find a path to success.

Put the Team First
Teamwork denotes a responsibility and a commitment to something larger than one’s self. Value inclusiveness and open collaboration as the means to achieve our goals. Be transparent with our knowledge and expertise and be brutally honest with the highest level of respect. Recognize the need for work/life balance. Inspire trust within our team which promotes continuous learning and improvement.

Be Courageous
Overcome our fear of failure through optimism and perseverance. Exercise versatility, flexibility, and clear thinking in the wake of uncertainty. Be adaptable. Demonstrate courage in every challenge and in every decision.

// ABOUT

OUR COMPANY

Jump to Vision & MissionCore Values

A pioneer in ocean-energy technology, Ocean Power Technologies’ sustainable power generation and data capabilities with low- and no-carbon solutions allow for smarter and faster actionable insights as ocean operations become increasingly digitized.

Energizing Ocean Intelligence™

Founded in 1984 and headquartered in Monroe Township, New Jersey, OPT initially focused on the research and development of large systems meant to harness the power of the ocean to supply power to mainland electrical grids. The PowerBuoy® wave energy converter (WEC) was borne of these efforts and evolved over years of trials and periodic ocean testing since 1997.

In 2015, OPT pivoted to commercializing a PowerBuoy® to provide autonomous, zero-carbon power and data solutions for the increasing electrical needs of offshore industries, scientific research, and territorial security, among other applications. These critical missions require consistent power, 24/7 full-scale data capabilities, and real-time communications.

The OPT PB3 PowerBuoy® became the company’s first fully commercial product, generating electricity by harnessing the renewable energy of ocean waves. OPT has also introduced the hybrid PowerBuoy® and Subsea Battery, which leverage our existing expertise in offshore power systems to expand our product line and diversify OPT’s solutions.

In 2021, OPT acquired 3Dent Technology, an offshore energy engineering and design services company based in Houston, Texas. 3Dent’s offshore engineering services support oil and gas, offshore wind, and other industries, from early-stage innovation to detailed structural analysis.

For more information about OPT, visit the Investor Relations page to read our latest Annual Report.

 

Our Vision

Transforming the world through innovative ocean-energy solutions.

Our Mission

We will deliver durable, reliable, cost-effective ocean-energy solutions that enable new capabilities for our customers and partners, add value to our shareholders, inspire our employees, and enhance the environment.

 

Core Values

Inclusiveness
OPT welcomes the diversity of our employees, partners, and customers and honors the value of their unique experiences and perspectives. We are committed to creating an environment that is inclusive of all.

Unwavering Integrity
Everyone at OPT has the power to influence our company’s reputation. Never allow anything or anyone to compromise our commitment to integrity, and always conduct ourselves ethically. Recognize that just because something is legal, it does not mean that it is the right thing to do.

Safety as a Priority
Safety is first in our workplace. Demand a safe work environment before anything else. Embrace safety as a personal responsibility, and always look out for fellow colleagues. Be proud of where we work, and seek to continuously improve it.

Fanatical External Focus
Customers are the single most important stakeholders in our business. Be responsive, results-oriented, and accountable. Demonstrate a fanatical focus on delivering on commitments and continue to honor our customers.

Fixate on Execution
Be infectious with curiosity, and contagious with desire to continuously learn and improve. Have impact every day. Find new ways to share our expertise. Communicate clearly and frequently. Do what needs to be done and hold each other accountable for execution and results. Never say “it cannot be done”. Instead, use our collective innovation to find a path to success.

Put the Team First
Teamwork denotes a responsibility and a commitment to something larger than one’s self. Value inclusiveness and open collaboration as the means to achieve our goals. Be transparent with our knowledge and expertise and be brutally honest with the highest level of respect. Recognize the need for work/life balance. Inspire trust within our team which promotes continuous learning and improvement.

Be Courageous
Overcome our fear of failure through optimism and perseverance. Exercise versatility, flexibility, and clear thinking in the wake of uncertainty. Be adaptable. Demonstrate courage in every challenge and in every decision.

28 Engelhard Drive, Suite B
Monroe Township, NJ 08831
+1 609 730 0400

12848 Queensbury Lane
Suite 208, Office 119
Houston, Texas 77024

© 2021 Ocean Power Technologies, Inc. | Sitemap | Site Dev: BCG   

© 2020 Ocean Power Technologies, Inc.
Sitemap | Site Dev: 
BCG

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