Ocean Power Technologies Australasia

Ocean Power Technologies Australasia Pty Ltd (OPTA) is an Australian company, a subsidiary of Ocean Power Technologies Inc (OPT) of the United States, a renewable energy company, providing power generation devices, services and related equipment for the extraction of energy from ocean waves.

Ocean Power Technologies (Australasia) Pty Ltd
TypePublic
NASDAQ: OPTT
IndustryRenewable Energy, Wave Power, Sustainable Energy
FoundedPerth, Western Australia, Australia (1984)
FounderDr. George W. Taylor
HeadquartersPerth, 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))
OwnerOPT, Inc (88%) + Woodside Petroleum (12%)
Website (1999 established)

In 2009 OPTA was part of Victorian Wave Partners formed to develop a 19 megawatt wave power project near Portland, Victoria connected to the grid.[1] The project was to receive an AU$66.46 million grant from the Australia federal government. By 2014, the consortium had abandoned the project, saying it was not commercially viable. OPT had given up on plans to develop the project, which was to cost $232 million for which the Australian government had offered $66.5 million in funding support.[2]

Media Coverage

2012

See also

References
  1. Ocean Power Technologies: Portland Victoria, Australia system
  2. World’s “biggest” wave energy project sinks without trace
  • Business data for Ocean Power Technologies Inc.:
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