Ocean Power Technologies, Inc

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Ocean Power Technologies is a one of the leading renewable energy companies in the United States and specializes in the offshore wave power technology. Established in 1997, it utilizes PowerBuoy technology that captures wave energy using large floating buoys anchored to the seabed and converts energy into electricity using power take-off systems. The company s PowerBuoy technology is based on the integration of patented technologies in hydrodynamics, electronics, energy conversion and computer control systems. Ocean Power Technologies offers its services to the New Jersey Board of Public Utilities and U. S. Navy. It also utilizes conventional mooring systems and conducts simple installation using existing marine vessels and infrastructure. The company has operations throughout the U.S., as well as the United Kingdom.