OPTT to Collaborate with Stratum Holdings on Renewable-Powered Offshore AI Data Centers

Ocean Power Technologies has signed a non-binding letter of intent with Stratum Holdings for a strategic collaboration to demonstrate offshore data center assets powered by renewable energy. The project aims to combine OPT's PowerBuoy® technology with Stratum's GPU infrastructure to support edge AI workloads.

Key Details

• Collaboration Goal: To integrate OPT's PowerBuoy® platforms with Stratum's high-performance compute hardware (including NVIDIA B300 GPUs) to validate the technical feasibility of self-powered, offshore edge AI systems.
• Agreement Terms: The non-binding LOI, dated October 26, 2026, proposes that OPT will license certain patents and Stratum will provide GPU assets and pay OPT a monthly retainer for the demonstration program.
• Auditor Change: The company also dismissed its auditor, Baker Tilly US, LLP, effective October 26, 2026, to save on audit fees. The filing notes that Baker Tilly's prior audit report for the year ended April 30, 2026, included a 'going concern' paragraph. Carr, Riggs & Ingram, L.L.C. has been appointed as the new auditor.