Ocean Power Technologies Inc - ESG Rating & Company Profile powered by AI
The Sustainability rating for Ocean Power Technologies Inc indicates its reporting of the United Nations SDGs. Scroll down to the end of this webpage for potential risks for Ocean Power Technologies Inc based on sector, location and size. The Disclosure rating covers seventeen United Nations SDGs including: 'Gender Equality', 'Reduced Inequalities' and 'Life below Water'.
Ocean Power Technologies Inc in the Heavy Electrical Equipment industry gained a UN SDG ESG Transparency Score of 4.4; made up of an environmental score of 5.3, social score of 3.2 and governance score of 4.8.
4.4
Medium ImpactEnvironmental
Social
Governance
Peer Group Comparison
| Rank | Company | SDG Transparency Score ⓘ | Performance |
|---|---|---|---|
| 1 | ALTUS SISTEMA de AUTOMACAO SA | 8.0 | High |
| 1 | Alstom SA | 8.0 | High |
| 69 | Brook Crompton Holdings Ltd | 4.5 | High |
| 69 | ZPUE SA | 4.5 | High |
| 74 | Ocean Power Technologies Inc | 4.4 | High |
| 74 | Scope Industries Bhd | 4.4 | High |
| 74 | Sedlbauer AG | 4.4 | High |
| ... | ... | ... | |
| 137 | Zhejiang Windey Co Ltd | 0.0 | Low |
| 137 | Zvezda PAO | 0.0 | Low |
| ... | ... | ... |
Frequently Asked Questions
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Potential Risks for Ocean Power Technologies Inc
These potential risks are based on the size, segment and geographies of the company.
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.