Lockheed Martin in Australian Wave Energy Project
business. “This project extends our established relationship with OPT and Australian industry and enables us to demonstrate a clean, efficient energy source for Australia and the world.” Victorian Wave Partners Ltd. is an Australian special purpose company owned by Ocean Power Technologies Australasia Pty Ltd. As a leader in wave energy technology development, OPT will lead the project, while Lockheed Martin will provide overall project management, assist with the design for manufacturing of the PowerBuoy technology, lead the production of selected PowerBuoy components and perform system
Ocean Power Awards Australian Seabed Survey Contract
62.5MW peak rating wave power station. The wave power station is planned for installation off the coast of Portland, Victoria. The proposed Portland wave power station is the largest of its kind in the world. The project is being developed by VWP, a wholly owned subsidiary of Ocean Power Technologies Australasia Pty Ltd. an Australian company owned by OPT (88%) and energy company Woodside Petroleum Ltd (12%). OPTA awarded the seabed survey contract to PDS after undertaking an extensive qualification process, marking a major step in development of the project. The project recognizes the
February 2026
