PowerBuoy
Provider 
Founded 1984
Sells To Enterprise, Government
Pricing Model Recurring
Ownership Public

Offshore wave energy converter platforms with utility-scale and maritime surveillance applications.
Ocean Power Technologies develops the PowerBuoy, a floating offshore wave energy converter platform. The system captures wave motion to generate electricity for utility-scale power and maritime surveillance applications. The company is publicly traded on NASDAQ under the ticker OPTT and holds approximately 13 percent market share in the wave and tidal energy sector.
PowerBuoy platforms can be deployed individually or in arrays for coastal and offshore installations. While the company has pivoted toward defense and maritime surveillance uses, it maintains utility-scale wave energy capability and competes directly with other offshore point-absorber and platform technologies.
Adds products that compete with one of PowerBuoy’s direct competitors but not with PowerBuoy itself. They are shaded, and Linked Through names the direct competitor each one competes with.
| Attribute | PowerBuoy | CorPack | Wave Energy Converter | CETO | WaveRoller | xWave | Onshore Wave Energy System | |
|---|---|---|---|---|---|---|---|---|
| Linked Through | — | Direct competitor | Direct competitor | CorPack, Wave Energy Converter | CorPack, Wave Energy Converter | CorPack, Wave Energy Converter | Wave Energy Converter | |
| Provider | ||||||||
| Founded | 1984 | 2012 | 2012 | — | — | 2014 | — | |
| Sells To | Enterprise, Government | Enterprise | Enterprise | — | — | — | — | |
| Pricing Model | Recurring | Services | Services | — | — | — | — | |
| Ownership | Public | Private | Private | — | — | — | — |
Provider 
Founded 1984
Sells To Enterprise, Government
Pricing Model Recurring
Ownership Public
Provider 
Founded 2012
Sells To Enterprise
Pricing Model Services
Ownership Private
Provider 
Founded 2012
Sells To Enterprise
Pricing Model Services
Ownership Private
Linked Through CorPack, Wave Energy Converter
Provider 
Founded —
Sells To —
Pricing Model —
Ownership —
Linked Through CorPack, Wave Energy Converter
Provider 
Founded —
Sells To —
Pricing Model —
Ownership —
Linked Through CorPack, Wave Energy Converter
Provider 
Founded 2014
Sells To —
Pricing Model —
Ownership —
Linked Through Wave Energy Converter
Provider 
Founded —
Sells To —
Pricing Model —
Ownership —


Onshore and breakwater-mounted wave energy floaters for grid-connected power generation.


Nearshore seabed-mounted oscillating surge wave energy converter for utility-scale power.


Fully submerged wave energy converter achieving high uptime offshore utility-scale deployments.


Fully submerged point-absorber wave energy converter that generates electricity and desalinated water.
Onshore and breakwater-mounted wave energy floaters for grid-connected power generation.

Nearshore seabed-mounted oscillating surge wave energy converter for utility-scale power.

Fully submerged wave energy converter achieving high uptime offshore utility-scale deployments.

Fully submerged point-absorber wave energy converter that generates electricity and desalinated water.
