Ocean Power Technologies

It has since commercialized the technology by providing power and communications to remote sites such as offshore oil fields.

[not verified in body] The company's primary product is the PowerBuoy wave generation system.

[21] It uses a "smart," oceangoing buoy to capture and convert wave energy into low-cost, clean electricity.

The company's secondary product, the Hybrid PowerBuoy, generates energy independent of wave motion, instead relying on a solar panel array for charging the onboard lithium iron phosphate batteries.

The batteries supply 132 kWh (nominal capacity) with up to 15 kW peak power delivery.