Ocean Power Technologies Australasia

Ocean Power Technologies (Australasia) Pty Ltd
Company 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]