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Ocean Power Technologies Inc's Business Segments
Ocean Power Technologies Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q4 ((Apr 30 2026))
Reportable Segments
7
Largest Segment
Region
Total Revenue
$ 2
Regions Reported
-
Revenue Share by Reportable Segment - Q4 ((Apr 30 2026))
- Region231%
- Operating Segment231%
- Product and Service191.5%
- Service122.5%
- EMEA110.8%
- Product75.4%
- Accounting Standards Update 2016-02 Product22.6%
Revenue by Reportable Segment - Q4 ((Apr 30 2026))
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Region | $ 4 | 231% |
| Operating Segment | $ 4 | 231% |
| Product and Service | $ 3 | 191.5% |
4 more segments available
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Annual Results
Revenue Share by Reportable Segment - FY2026
- Operating Segment100%
Revenue by Reportable Segment - FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Operating Segment | $ 4 | 100% |
Revenue Share by Region - FY2026
- EMEA48%
- North And South America32.6%
- Asia and Australia19.4%
Revenue by Geographic Region - FY2026
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| EMEA | $ 2 | 48% |
| North And South America | $ 1 | 32.6% |
| Asia and Australia | $ 1 | 19.4% |
Revenue by Product & Service Category - FY2026
- Product100%
- Product and Service82.9%
- Service53%
- WAMV37.2%
- Lease Revenue17.1%
- Buoy9.8%
Revenue by Product & Service Category - FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 4 | 100% |
| Product and Service | $ 3 | 82.9% |
| Service | $ 2 | 53% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
3 more categories available
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Description of Ocean Power Technologies Inc
Ocean Power Technologies Inc. (OPT) is a leading renewable energy company that specializes in the development, manufacture, and commercialization of innovative ocean energy solutions. The company is based in Monroe Township, New Jersey, and was founded in 1984.
OPT's primary focus is on harnessing the power of ocean waves to generate electricity. They are known for their patented PowerBuoy technology, which is a buoy-like device that converts the kinetic energy of waves into clean, renewable electricity. The PowerBuoy consists of a float that rises and falls with the movement of the waves, which in turn drives a generator to produce electricity.
The company's PowerBuoy technology has numerous advantages, such as being environmentally friendly, with no emissions or waste products. It also has a minimal visual impact and can be deployed in various geographic locations. Additionally, the PowerBuoy can withstand harsh ocean conditions, making it a reliable and durable energy solution.
OPT offers a wide range of products and services to help meet the global demand for clean and sustainable energy. These include the PB3 PowerBuoy, which is their flagship product and is designed for utility-scale power generation. They also offer the APB350 Autonomous PowerBuoy, a smaller version used for offshore applications like surveillance and communications. In addition to these offerings, OPT provides engineering, project management, and support services for the installation and maintenance of their solutions.
The company has successfully demonstrated the effectiveness of their technology through projects and partnerships around the world. They have deployed PowerBuoys in different locations, including the United States, Europe, and Australia. These deployments have provided valuable data and insights, informing the ongoing refinement and improvement of their technology.
OPT is actively involved in research and development efforts to advance their products and expand their market reach. They collaborate with government agencies, academic institutions, and other industry leaders to drive innovation and overcome technical challenges. This dedication to R&D has positioned OPT as a pioneer in the field of ocean energy.
In conclusion, Ocean Power Technologies Inc. is a leading renewable energy company that specializes in wave energy solutions. Their patented PowerBuoy technology harnesses the power of ocean waves to generate clean and sustainable electricity. With a strong focus on research and development, OPT has become a respected name in the industry and continues to drive innovation in the renewable energy sector.
OPT's primary focus is on harnessing the power of ocean waves to generate electricity. They are known for their patented PowerBuoy technology, which is a buoy-like device that converts the kinetic energy of waves into clean, renewable electricity. The PowerBuoy consists of a float that rises and falls with the movement of the waves, which in turn drives a generator to produce electricity.
The company's PowerBuoy technology has numerous advantages, such as being environmentally friendly, with no emissions or waste products. It also has a minimal visual impact and can be deployed in various geographic locations. Additionally, the PowerBuoy can withstand harsh ocean conditions, making it a reliable and durable energy solution.
OPT offers a wide range of products and services to help meet the global demand for clean and sustainable energy. These include the PB3 PowerBuoy, which is their flagship product and is designed for utility-scale power generation. They also offer the APB350 Autonomous PowerBuoy, a smaller version used for offshore applications like surveillance and communications. In addition to these offerings, OPT provides engineering, project management, and support services for the installation and maintenance of their solutions.
The company has successfully demonstrated the effectiveness of their technology through projects and partnerships around the world. They have deployed PowerBuoys in different locations, including the United States, Europe, and Australia. These deployments have provided valuable data and insights, informing the ongoing refinement and improvement of their technology.
OPT is actively involved in research and development efforts to advance their products and expand their market reach. They collaborate with government agencies, academic institutions, and other industry leaders to drive innovation and overcome technical challenges. This dedication to R&D has positioned OPT as a pioneer in the field of ocean energy.
In conclusion, Ocean Power Technologies Inc. is a leading renewable energy company that specializes in wave energy solutions. Their patented PowerBuoy technology harnesses the power of ocean waves to generate clean and sustainable electricity. With a strong focus on research and development, OPT has become a respected name in the industry and continues to drive innovation in the renewable energy sector.
Ocean Power Technologies Inc. (OPT) stands out as a leader in the renewable energy sector, primarily focused on harnessing ocean wave energy to produce electricity. Their comprehensive approach encompasses various segments, advanced products, and an array of services that cater to diverse energy needs. Let’s delve deeper into these.
1. Segments
a. Renewable Energy: The core of OPTs operations lies in renewable energy, specifically wave energy conversion. They aim to unleash the untapped energy potential of the ocean, which is a significant and consistent energy resource compared to other renewable forms. This segment focuses on technological innovations that enable the capture and conversion of wave energy into usable electrical power.
b. Offshore Applications: As OPT’s technology matures, it extends its reach to numerous offshore applications. These include maritime surveillance, oceanographic research, weather monitoring, aquaculture, and supporting remote sensors that require reliable energy solutions away from the grid.
c. Energy Storage: Complementing their generation capabilities, OPT acknowledges the essential role of energy storage in ensuring reliability and efficiency. Their efforts in developing subsea battery solutions play a critical role in this segment.
Products
a. PowerBuoy® Systems: The PowerBuoy® serves as the flagship product from OPT, featuring:
- Design: It comprises a buoyant hull equipped with advanced energy conversion technologies designed to capture wave energy effectively.
- Energy Conversion: The systems utilize various technologies to convert the kinetic energy from wave movements into electricity.
- Power Management: They include an onboard power management system that optimizes the generated power for various applications, ensuring efficient consumption and storage.
b. Subsea Batteries: These innovative underwater energy storage units are engineered to:
- Efficiency: Store surplus energy generated during peak wave activity, allowing for continuous power supply.
- Integration: Be deployed alongside PowerBuoy® systems or independently for different applications.
- Environmentally Friendly: Designed to minimize ecological impacts while providing robust power solutions.
c. Autonomous Power Systems: OPT offers a versatile range of autonomous power systems that:
- Off-Grid Capability: Operate independently of the traditional power grid, making them ideal for remote locations.
- Applications: Support various uses, such as maritime communication, environmental monitoring, and powering sensors for scientific research.
- Sustainability: Reduce reliance on conventional fuel sources, thereby enhancing environmental sustainability.
Services
a. Power Purchase Agreements (PPAs): OPT engages in long-term agreements with:
- Utility Providers: Establishing stable financial frameworks that support both realms.
- Governments and Commercial Entities: Creating opportunities for a steady supply of renewable energy, contributing to energy transition goals.
b. Design and Engineering Services: OPT offers tailored services that include:
- Feasibility Studies: Assessing the viability of wave energy projects in specific locations.
- System Integration: Customizing systems to match varied project requirements and local environmental conditions.
- Resource Assessment: Providing data on wave potential to inform energy generation possibilities and strategies.
c. Project Management and Installation: An essential part of OPTs offerings includes:
- End-to-End Management: Coordination of all aspects related to deployment and installation of PowerBuoy® systems.
- Performance Optimization: Providing ongoing maintenance and monitoring services that enhance the operational longevity and efficiency of installed systems.
d. Research and Development (R&D): A commitment to R&D ensures OPT remains at the forefront of innovation:
- Technological Advancements: Continuous improvement in wave energy conversion technologies to increase efficiency and lower costs.
- Collaborative Efforts: Partnering with academic institutions, government bodies, and industry leaders to push the boundaries of what is possible in wave energy technology.
Conclusion
Ocean Power Technologies Inc. is positioned as a pioneer in the rapidly evolving field of renewable energy, particularly through its focused efforts on harnessing ocean wave power. With an array of products like the PowerBuoy® and subsea batteries, along with comprehensive services including power purchase agreements, project management, and ongoing research and engineering support, OPT is committed to delivering sustainable energy solutions. Their innovative approach not only addresses the energy needs of today but also contributes significantly to the clean energy landscape of the future.
1. Segments
a. Renewable Energy: The core of OPTs operations lies in renewable energy, specifically wave energy conversion. They aim to unleash the untapped energy potential of the ocean, which is a significant and consistent energy resource compared to other renewable forms. This segment focuses on technological innovations that enable the capture and conversion of wave energy into usable electrical power.
b. Offshore Applications: As OPT’s technology matures, it extends its reach to numerous offshore applications. These include maritime surveillance, oceanographic research, weather monitoring, aquaculture, and supporting remote sensors that require reliable energy solutions away from the grid.
c. Energy Storage: Complementing their generation capabilities, OPT acknowledges the essential role of energy storage in ensuring reliability and efficiency. Their efforts in developing subsea battery solutions play a critical role in this segment.
Products
a. PowerBuoy® Systems: The PowerBuoy® serves as the flagship product from OPT, featuring:
- Design: It comprises a buoyant hull equipped with advanced energy conversion technologies designed to capture wave energy effectively.
- Energy Conversion: The systems utilize various technologies to convert the kinetic energy from wave movements into electricity.
- Power Management: They include an onboard power management system that optimizes the generated power for various applications, ensuring efficient consumption and storage.
b. Subsea Batteries: These innovative underwater energy storage units are engineered to:
- Efficiency: Store surplus energy generated during peak wave activity, allowing for continuous power supply.
- Integration: Be deployed alongside PowerBuoy® systems or independently for different applications.
- Environmentally Friendly: Designed to minimize ecological impacts while providing robust power solutions.
c. Autonomous Power Systems: OPT offers a versatile range of autonomous power systems that:
- Off-Grid Capability: Operate independently of the traditional power grid, making them ideal for remote locations.
- Applications: Support various uses, such as maritime communication, environmental monitoring, and powering sensors for scientific research.
- Sustainability: Reduce reliance on conventional fuel sources, thereby enhancing environmental sustainability.
Services
a. Power Purchase Agreements (PPAs): OPT engages in long-term agreements with:
- Utility Providers: Establishing stable financial frameworks that support both realms.
- Governments and Commercial Entities: Creating opportunities for a steady supply of renewable energy, contributing to energy transition goals.
b. Design and Engineering Services: OPT offers tailored services that include:
- Feasibility Studies: Assessing the viability of wave energy projects in specific locations.
- System Integration: Customizing systems to match varied project requirements and local environmental conditions.
- Resource Assessment: Providing data on wave potential to inform energy generation possibilities and strategies.
c. Project Management and Installation: An essential part of OPTs offerings includes:
- End-to-End Management: Coordination of all aspects related to deployment and installation of PowerBuoy® systems.
- Performance Optimization: Providing ongoing maintenance and monitoring services that enhance the operational longevity and efficiency of installed systems.
d. Research and Development (R&D): A commitment to R&D ensures OPT remains at the forefront of innovation:
- Technological Advancements: Continuous improvement in wave energy conversion technologies to increase efficiency and lower costs.
- Collaborative Efforts: Partnering with academic institutions, government bodies, and industry leaders to push the boundaries of what is possible in wave energy technology.
Conclusion
Ocean Power Technologies Inc. is positioned as a pioneer in the rapidly evolving field of renewable energy, particularly through its focused efforts on harnessing ocean wave power. With an array of products like the PowerBuoy® and subsea batteries, along with comprehensive services including power purchase agreements, project management, and ongoing research and engineering support, OPT is committed to delivering sustainable energy solutions. Their innovative approach not only addresses the energy needs of today but also contributes significantly to the clean energy landscape of the future.