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Working at Ocean Power Technologies

Zippia score 3.1

Overview

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Ocean Power Technologies overview

Industry
Renewable Energy, Wave Power, Sustainable Energy
Revenue
$5.5M
Headquarters
Employees
46
Founded in
Website
Organization type
Public
CEO
J. Philipp Stratmann
Social media
Ocean Power Technologies, Inc. develops and is commercializing systems that generate electricity by harnessing the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies to convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company offers two PowerBuoy products, which consist of its utility PowerBuoy system and its autonomous PowerBuoy system. The Company's utility PowerBuoy system, which is designed to supply electricity to a local or regional electric power grid, and the Company's autonomous PowerBuoy system, which is designed to generate power for use independent of the power grid in remote locations.
Founded in 1994, Ocean Power Technologies is an established company that loves to hire graduates from Maine Maritime Academy, with 9.5% of its employees having attended Maine Maritime Academy. Ocean Power Technologies has established itself as a great place to work in New Jersey, and it is number 12 on Zippia's list of Best Companies to Work for in Pennington, NJ.
Ocean Power Technologies is a small energy company based in New Jersey with only 46 employees and an annual revenue of $5.5M.

Ocean Power Technologies's mission statement

OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets.

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The team at Ocean Power Technologies

  • The founders of Ocean Power Technologies are George Taylor and Joseph Burns.
  • The key people at Ocean Power Technologies are J. Philipp Stratmann, George Taylor and Joseph Burns.
Key people
J. Philipp Stratmann
George Taylor
Joseph Burns

Ocean Power Technologies rankings

Ocean Power Technologies is ranked #46 on the Best Energy companies to work for in New Jersey list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Ocean Power Technologies diversity

6.8
Diversity score
We calculated Ocean Power Technologies’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Ocean Power Technologies’s workforce.
Ocean Power Technologies diversity summary. Zippia estimates Ocean Power Technologies's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Ocean Power Technologies's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Ocean Power Technologies's workforce.
  • Ocean Power Technologies has 46 employees.
  • 17% of Ocean Power Technologies employees are women, while 83% are men.
  • The most common ethnicity at Ocean Power Technologies is White (69%).
  • 11% of Ocean Power Technologies employees are Hispanic or Latino.
  • 9% of Ocean Power Technologies employees are Black or African American.
  • The average employee at Ocean Power Technologies makes $46,693 per year.
  • Employees at Ocean Power Technologies stay with the company for 5.0 years on average.

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Ocean Power Technologies financial performance

4.1
Performance score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Ocean Power Technologies currently has 2.7M in revenue. Ocean Power Technologies's most recent quarter produced 1.3m (q1'2024).

Ocean Power Technologies annual revenue

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Highest paying Ocean Power Technologies competitors

Compare Ocean Power Technologies salaries to competitors, including Westinghouse Appliances Australia, PJM Interconnection, and AVANGRID. Employees at Westinghouse Appliances Australia earn the highest average yearly salary of $87,189. The salaries at PJM Interconnection average $79,514 per year, and the salaries at AVANGRID come in at $72,132 per year.
RankCompanyAverage salaryJobs
1$87,1890
2$79,5140
3$72,1320
4$67,9140
5$64,3100
6$63,7380
7$59,6610
8$50,6650
9$42,3040

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    Updated March 14, 2024

    Zippia gives an in-depth look into the details of Ocean Power Technologies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ocean Power Technologies. The employee data is based on information from people who have self-reported their past or current employments at Ocean Power Technologies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ocean Power Technologies. The data presented on this page does not represent the view of Ocean Power Technologies and its employees or that of Zippia.

    Ocean Power Technologies may also be known as or be related to OCEAN POWER TECHNOLOGIES INC., Ocean Power Technologies, Ocean Power Technologies Inc and Ocean Power Technologies, Inc.