been suggested that this article be merged into ocean power technologies . discuss proposed since march 2015 . ocean power technologies australasia pty ltd type public traded as nasdaq optt 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 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 . 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 contents 1 media coverage 1.1 2012 2 see also 3 references 4 external links media coverage edit 2012 edit wave energy company finds its sea legs victoria project january victoria australia project to add jobs july ocean power technologies and lockheed martin take wave power down under july ocean power technologies and lockheed martin to develop wave energy project in australia july innovations in wave power an interview with dr. george taylor july lockheed martin woodside in wave power project july oregon wave power project gets green light to go forward august ocean power technologies receives federal approval for the first commercial wave farm in the us august federal approval for the first commercial wave farm reedsport development news september opt to work with u.s. department of homeland security september reedsport development update deployment in spring 2013 october alliance with mitsui engineering & shipbuilding japan october herald on line mitsui alliance october opt contract awarded by mitsui october opt and mitsui to steer wave device to possible japan launch october opt establishes new business unit to drive growth november see also edit energy portal renewable energy portal australia portal united states portal united kingdom portal ocean energy wave power wave farms references edit ocean power technologies portland victoria australia system world s biggest wave energy project sinks without trace external links edit official website opta victoria wave partners official website opt opt global partners business data for ocean power technologies inc. bloomberg reuters retrieved from https en.wikipedia.org w index.php title ocean power technologies australasia & oldid 727058015 categories renewable energy companiessustainable technologieswave powerenergy conversionrenewable energy in australiarenewable energy in the united statespower station technologyhidden categories articles to be merged from march 2015all articles to be mergedofficial website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 26 june 2016 at 10 07 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view