Ocean Power Technologies Australasia
| Company type | Public |
|---|---|
| Template:NASDAQ | |
| Industry | Renewable Energy, Wave Power, Sustainable Energy |
| Founded | Perth, Western Australia, Australia (1984) |
| Founder | Dr. George W. Taylor |
| Headquarters | Perth, Western Australia, Australia |
Area served | Australia-wide |
Key people | Dr. George Taylor (Chairman) & (CEO) Gilbert George (Director)) Charles F. Dunleavy (Managing Director)) Keith Bowyer (General Manager)) |
| Owner | OPT, Inc (88%) + Woodside Petroleum (12%) |
| Website | [1] (1999 established) |
Ocean Power Technologies Australasia Pty Ltd (OPTA), operating as a subsidiary of the US-based company Ocean Power Technologies Inc (OPT), focuses on developing renewable energy technologies, particularly wave energy converters and associated systems.
In 2009, OPTA became a partner in the Victorian Wave Partners consortium aiming to construct a 19 MW wave energy installation off the coast of Portland, Victoria. This initiative was backed by a federal grant totaling AU$66.46 million. Despite this financial support, the group discontinued the $232 million project by 2014, attributing the decision to its failure to achieve commercial feasibility.
2012
- Wave Energy Company Finds Its Sea Legs
- Victorian Wave Project Faces Challenges - January
- Wave Energy Initiative in Victoria Expected to Generate Employment - July
- Collaboration Between Ocean Power Technologies and Lockheed Martin Advances Wave Energy in Australia - July
- Joint Wave-Energy Development Project by Ocean Power Technologies and Lockheed Martin in Australia - July
- Interview with Dr. George Taylor on Innovations in Wave Power - July
- Lockheed Martin and Woodside Enter Wave Energy Collaboration - July
- Federal Approval Granted for Oregon Wave Power Project - August
- First Commercial Wave Farm in the US Receives Government Authorization - August
- Updates on Reedsport Wave Energy Development - September
- OPT Collaborates with U.S. Department Of Homeland Security - September
- Progress Report on Reedsport Deployment - October
- Alliance Formed with Mitsui Engineering & Shipbuilding-Japan - October
- Mitsui Partnership Highlighted by Herald On-Line - October
- Contract Award from Mitsui Secured by OPT - October
- OPT and Mitsui Collaborate to Launch Wave Technology in Japan - October
- OPT Creates New Division to Accelerate Business Expansion - November