Ocean Power Technologies Competitors and Similar CompaniesClear all
Ocean Power Technologies's competitors and similar companies include Electric Hydrogen, NextEra Energy Partners, Nostromo and National Grid Renewables.
 Ocean Power Technologies Ocean Power Technologies (OPT) is a company that provides offshore energy engineering and design services. |  Electric Hydrogen Electric Hydrogen (EH2) is a company that manufactures electrolyzers to produce green hydrogen. |  NextEra Energy Partners NextEra Energy Partners (NEP) is a company that acquires, owns, and manages contracted clean energy projects. |  National Grid Renewables National Grid Renewables is a company that provides energy storage solutions. | ||
Founding Date | Founding Date 1984 | Founding Date 2020 | Founding Date 2014 | Founding Date 2016 | Founding Date 2004 |
Type | Type Public | Type Private | Type Public | Type Private | Type Subsidiary |
Tags | |||||
Locations | Locations Monroe Township, US HQ Richmond, US | Locations Natick, US HQ Devens, US San Carlos, US San Jose, US | Locations North Palm Beach, US HQ | Locations Shdema, IL HQ | Locations Bloomington, US HQ |
Employees | Employees 4340% decrease | Employees 4011% increase | Employees N/A | Employees 43 | Employees 2923% decrease |
Valuation ($) | Valuation ($) 17.2 m | Valuation ($) N/A | Valuation ($) 2.4 b | Valuation ($) N/A | Valuation ($) N/A |
Financial | |||||
Revenue (est.) | Revenue (est.) $5.5m (FY, 2024) | Revenue (est.) N/A | Revenue (est.) $1.1b (FY, 2023) | Revenue (est.) N/A | Revenue (est.) N/A |
Cost of goods | Cost of goods $2.7m (FY, 2024) | Cost of goods N/A | Cost of goods $520m (FY, 2023) | Cost of goods N/A | Cost of goods N/A |
Gross profit | Gross profit $2.8m (FY, 2024) | Gross profit N/A | Gross profit $558m (FY, 2023) | Gross profit N/A | Gross profit N/A |
Net income | Net income ($27.5m) (FY, 2024) | Net income N/A | Net income $218m (FY, 2023) | Net income N/A | Net income N/A |
Funding | |||||
Latest funding round | Latest funding round N/A | Latest funding round $ 24m (about 3 years ago) | Latest funding round N/A | Latest funding round $ 13.6m (about 3 years ago) | Latest funding round N/A |
Total funding raised | Total funding raised $ 65.6m | Total funding raised $ 24m | Total funding raised $ 900m | Total funding raised $ 13.6m | Total funding raised N/A |
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Electric Hydrogen
HQ
Natick, US
Employees
401↑ 1% increase
Electric Hydrogen (EH2) is a company that manufactures electrolyzers to produce green hydrogen.
View companyNextEra Energy Partners
HQ
North Palm Beach, US
NextEra Energy Partners (NEP) is a company that acquires, owns, and manages contracted clean energy projects.
View companyNational Grid Renewables
HQ
Bloomington, US
National Grid Renewables is a company that provides energy storage solutions.
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