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Company profile

Ocean Power Technologies

Ocean Power Technologies builds maritime autonomy and offshore power systems, including WAM-V unmanned surface vehicles and PowerBuoy platforms. Its WAM-V...

Facts

Segment
MARITIME
Country
United States
Headquarters
Monroe Township, New Jersey
Ticker
OPTT
Categories
Maritime autonomy
Focus
Unmanned surface vehicles, Offshore power systems
Flagship
WAM-V
Website
https://oceanpowertechnologies.com/

About Ocean Power Technologies

Ocean Power Technologies develops autonomous surface vessels, offshore power platforms and maritime-intelligence software. WAM-V vessels use articulated hull suspension to carry sonar, radar, cameras and environmental sensors, while PowerBuoy systems harvest wave, solar and wind energy for persistent offshore payloads and subsea equipment.

Merrows software fuses radar, AIS and electro-optical data for maritime awareness and remote mission control. WAM-Vs perform hydrographic survey, infrastructure inspection, surveillance and environmental monitoring, and can connect to a PowerBuoy for offshore charging. As of April 2025, Ocean Power Technologies reported more than 80 WAM-V deployments, with hardware also offered through data, robotics and power service models.

Market context

DEPLOYMENT

Summary

Type: Maritime autonomy

Core: WAM-V / PowerBuoy

Function: Collect ocean data

Audience: Marine operators

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