Ocean Power Technologies, Inc.
Mass-on-Spring Wave Energy Converter (MOSWEC) buoy system for offshore renewable power generation
- Sector
- Energy
- Headquarters
- Monroe Township, NJ
- Founded
- 1984
- Total capital
- $24M
- Federal grants
- $1.5M
- 3 awards · 2016–2022
- Rank in peer group#15 of 47
- Private capital raised
- None on recordNo Form D filings on SEC EDGAR. Some raises are not filed.
- Federal contracts
- $22.4M
- 11 awards · Defense
- Rank in Energy#13 of 998
- Granted patents
- 6
- 34 pending · first 2019
- Rank in peer group#9 of 47
Capital timeline
Latest events
- Federal contractDefense · Lease Of Commercial Service Contract For Leasing A Current Opt Next Gen Power Buoy That Was Modified To Include 5G And Starlink Along Nps Requires An Upgrade To The Sensors On This Buoy Owned By Opt. 12-MONTHS Period Of Performance$150K
- Federal contractDefense · Qty 2 Wam-v 8 Starline Satcom Hardware, 5G/5G Cellular Hardware, Ros Interface To Robo-helm, Protective Cover, Custom Trailer, Intermodal Shipping Containers, Lithium Battery Set, Velodyne LIDAR, And Contractor Technical Support$365K
- Federal contractDefense · Ocean Power Tech Wam-v 16 Unmanned Surface Vessel & Spare Components$231K
- Federal grantEnergy · Phase II · Modular and Scalable Small-Scale Mass-on-Spring Wave Energy Convertor (MOSWEC) PowerBuoy System for Reliable Powering of Autonomous Ocean Monitoring Systems$1.1M
- Federal grantEnergy · Phase I · Modular and Scalable Small-Scale Mass-on-Spring Wave Energy Converter (MOSWEC) PowerBuoy System for Reliable Powering of Autonomous Ocean Monitoring Systems$197K
- Federal contractDefense · Progress Report$125K
- Federal grantDefense · Phase II · Persistent Easy-to-Deploy Stationkeeping Sonar Powerbuoy$249K
Show 7 earlier federal awards
- Federal contractDefense · Research And Development In The Physical, Engineering, And Life Sciences (except Biotechnology)$80K
- Federal contractDefense · Cost & Fixed Fee Option Year 1$2.8M
- Federal contractDefense · Cost & Fixed Fee Base Year$2.5M
- Federal contractDefense · Research And Development In The Physical, Engineering, And Life Sciences (except Biotechnology)$3.1M
- Federal contractDefense · Research And Development In The Physical, Engineering, And Life Sciences$57K
- Federal contractDefense · 200512!004628!1700!N00014!OFFICE Of Naval Research !N0001405C0384 !a!n! !n! ! !20050920!20070331!181079872!181079872!181079872!N!OCEAN Power Technologies Inc !1590 Reed Rd !pennington !NJ!08534!57600!021!34!PENNINGTON !mercer !new JERSEY!+000002799405!N!N!000000000000!AD92!RDTE/OTHER Defense-applied Research !S1 !services !000 !* !541710!E! !3! ! ! ! ! !202$4.4M
- Federal contractDefense · 200205!000710!1700!E612A !office Of Naval Research, HEADQU!N0001402C0053 !a!n! !n! !20020211!20021231!181079872!181079872!181079872!N!OCEAN Power Technologies Inc !1590 Reed Rd !pennington !NJ!08534!69390!023!34!SOUTH Plainfield !middlesex !new JERSEY!+000002400000!N!N!000000000000!AC31!RDTE/SHIPS-BASIC Research !A3 !ships !2000!NOT Discernable Or Classified !541710!E! !3! ! ! ! ! !99990909!B$8.7M
Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.
Standing among 47 peers
Line = medianEnergy · Device
- Federal grants#15 · top 32%
- Granted patents#9 · top 19%
Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.
Founders and team
No founders are linked to this company yet.
Founders appear once a person is matched to the company through its own patents, grants or filings. We never infer people from social profiles.
Checked: USPTO inventors; federal award principal investigators; SEC Form D related persons · Oct 23, 2026
Claim this profile to add your teamWhat it has protected
USPTO · 6 granted of 40- GrantedFloating Charging Station For An Electric BoatUSPTOUS 12,420,896
- GrantedWave Energy Converter Including a Dual-Point Absorber Connected to an Above-Water Installation via a LinkageUSPTOUS 11,459,997
- GrantedSubsurface Marine Battery PackUSPTOUS 11,258,105
Show all 40 patent records
- Floating Charging Station For An Electric BoatSep 23, 2025 · US 12,420,896Granted
- Wave Energy Converter Including a Dual-Point Absorber Connected to an Above-Water Installation via a LinkageOct 4, 2022 · US 11,459,997Granted
- Subsurface Marine Battery PackFeb 22, 2022 · US 11,258,105Granted
- Electric Power Generation And Storage BuoyMar 2, 2021 · US 10,933,958Granted
- High DC Voltage to Low DC Voltage Conversion Apparatus Including Rechargeable BatteriesMar 2, 2021 · US 10,938,232Granted
- Power Take Off System For Wave Energy Converter BuoyApr 30, 2019 · US 10,273,930Granted
- Printed Circuit Board For The Electrical System Of A Wave Energy ConverterApplication PCTUS2017061087Pending
- High Dc Voltage To Low Dc Voltage Conversion Apparatus Including Rechargeable BatteriesApplication PCTUS2017061082Pending
- Power Take Off System For Wave Energy Converter BuoyApplication PCTUS2017023488Pending
- Anchoring Apparatus For Wave Energy ConvertersApplication PCTUS2012056784Pending
- Ball And Socket Power Cable ConnectorApplication PCTUS2012030754Pending
- Pitch Driven Wave Energy Converter Devices And SystemsApplication PCTUS2012030583Pending
- Wave Energy Converter With Rotary Hydraulic SpringApplication PCTUS2012030630Pending
- Multi-mode Wave Energy Converter Devices And SystemsApplication PCTUS2012030603Pending
- Wave Energy Converter With Asymmetrical FloatApplication PCTUS2011001350Pending
- Autonomously Operated Buoys With Power Generation And Power Usage ControlApplication PCTUS2011001351Pending
- Improved Power Take Off Apparatus For A WecApplication PCTUS2010000934Pending
- Wec With Improved Power Take Off ApparatusApplication PCTUS2010000933Pending
- Wave Energy Converter And Power Take Off SystemApplication PCTUS2009006272Pending
- Float For Wave Energy Converter (wec)Application PCTUS2009006184Pending
- Advanced Wave Energy Converter ControlApplication PCTUS2009003242Pending
- Wave Energy Converter With Internal Mass On Spring OscillatorApplication PCTUS2008012092Pending
- Mooring Of Multiple Arrays Of Buoy-like WecsApplication PCTUS2008006477Pending
- Wave Energy Converter With Air Compression (wecwac)Application PCTUS2007011724Pending
- Heave Plate With Improved CharacteristicsApplication PCTUS2007010412Pending
- Cell Buoy SystemApplication PCTUS2007008315Pending
- Mooring Of Arrays Of Buoy-like WecsApplication PCTUS2007004877Pending
- Wave Energy Converter Utilizing Internal Reaction Mass And SpringApplication PCTUS2006045907Pending
- Expandable Wave Energy Conversion SystemApplication PCTUS2006033689Pending
- Wave Energy Converter (wec) With Magnetic BrakingApplication PCTUS2005008469Pending
- Wave Energy Converters (wecs) With Velocity MultiplicationApplication PCTUS2005008495Pending
- Antirotational Structures For Wave Energy ConvertersApplication PCTUS2005008753Pending
- Circuitry For Increasing Efficiency Of A Linear Electric GeneratorApplication PCTUS2005008463Pending
- Coil Switching Circuit For Linear Electric GeneratorApplication PCTUS2005008468Pending
- Wave Energy Converters (wecs) With Linear Electric Generators (legs)Application PCTUS2005008752Pending
- Active Impedance Matching Systems And Methods For Wave Energy ConverterApplication PCTUS2005001100Pending
- Improved Wave Evergy Converter (wec) Device And SystemApplication PCTUS2004003519Pending
- System And Method For Vehicle ChargingApplication PCTUS2024021635Pending
- System and Method for Vehicle ChargingApplication 63454807Pending
- Installation-connected Dual-point AbsorberApplication 63000269Pending
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Regulatory activity · Energy
- Air Plan Approval; Michigan; Redesignation and Maintenance Plan for the Partial St. Clair 2010 1-Hour Sulfur Dioxide (SO2) NAAQS Nonattainment AreaEnvironmental Protection Agency
- Air Plan Approval; Delaware; 2006 24-Hour Fine Particulate Matter Limited Maintenance Plan for the Philadelphia Nonattainment AreaEnvironmental Protection Agency
- Air Plan Approval; Oklahoma; Updates to the State Implementation Plan for New Source Review Permitting and General SIP ProvisionsEnvironmental Protection Agency
- List of Approved Spent Fuel Storage Casks: NAC International, Inc., MAGNASTOR® Storage System, Certificate of Compliance No. 1031, Amendment Nos. 16 and 17 and Revisions to Amendment Nos. 0 Through 16Nuclear Regulatory Commission
- Epyrifenacil; Pesticide TolerancesEnvironmental Protection Agency
- Fluoxapiprolin; Pesticide TolerancesEnvironmental Protection Agency
Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.
Sources
Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.
How to read this page
Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.
Data freshness
SEC Form D filings through . SBIR and STTR awards through .