Total Funding
55
65
Total FundingPost-IPO Equity raised
Growth Score
-6 pts
Heat Score
11 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
Recent Milestones
Raised Funding Round
Jan 1, 1970
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Raised Funding Round
Jan 1, 1970
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Raised Funding Round
Jan 1, 1970
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52082
Ocean Power Technologies focuses on capturing and converting wave energy into electricity using innovative power take-off systems.
- George H. Kirby: President & CEO
Mike M. Mekhiche: Vice President, EngineeringPast Role: Kaman, Commercial and Defense Contractors
About the Company
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.
