Ocean Power Technologies Competitors and Similar CompaniesClear all

Ocean Power Technologies's competitors and similar companies include 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.	NextEra Energy Partners NextEra Energy Partners (NEP) is a company that acquires, owns, and manages contracted clean energy projects.	Nostromo Nostromo is a cold-energy storage company.	National Grid Renewables National Grid Renewables is a company that provides energy storage solutions.
Founding Date	Founding Date 1984	Founding Date 2014	Founding Date 2016	Founding Date 2004
Type	Type Public	Type Public	Type Private	Type Subsidiary
Tags	Tags Energy & Utilities energy storage oil & gas renewables water wind	Tags Energy & Utilities energy storage natural gas renewables solar sustainability wind	Tags Energy & Utilities energy storage renewables water	Tags Energy & Utilities energy storage renewables
Locations	Locations Monroe Township, US HQ Richmond, US	Locations North Palm Beach, US HQ	Locations Shdema, IL HQ	Locations Bloomington, US HQ
Employees	Employees 4340% decrease	Employees N/A	Employees 422% decrease	Employees 2833% decrease
Valuation ($)	Valuation ($) 15.7 m	Valuation ($) 2.5 b	Valuation ($) N/A	Valuation ($) N/A
Financial
Revenue (est.)	Revenue (est.) $5.5m (FY, 2024)	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 $520m (FY, 2023)	Cost of goods N/A	Cost of goods N/A
Gross profit	Gross profit $2.8m (FY, 2024)	Gross profit $558m (FY, 2023)	Gross profit N/A	Gross profit N/A
Net income	Net income ($27.5m) (FY, 2024)	Net income $218m (FY, 2023)	Net income N/A	Net income N/A
Funding
Total funding raised	Total funding raised $ 65.6m	Total funding raised $ 900m	Total funding raised $ 13.6m	Total funding raised N/A