Ocean Power Technologies acquires Columbia Power subsea technology assets
OPTT•Ocean Power Technologies acquires Columbia Power subsea technology assets
- Ocean Power Technologies acquired subsea developmental technology assets from Columbia Power Technologies in an asset transaction effective July 22, 2026.
- The deal adds subsea power capability, extending OPT’s operational infrastructure offering from surface systems to seabed support.
- The transaction is structured as an asset acquisition, focused on securing intellectual property and an engineering portfolio while preserving financial flexibility.
- It includes early development work and customer engagement intended to accelerate commercialization and reduce development risk.
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