Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets

What happened: Ocean Power Technologies ($OPTT) and Stratum Holdings ($SRTM) signed a non-binding letter of intent for a proposed collaboration to demonstrate offshore data center assets powered by wave, wind, and solar energy. Key numbers: OPT holds more than 60 issued PowerBuoy patents worldwide, including more than 15 in the U.S. Why it matters: The companies aim to test whether edge AI inference can run on PowerBuoy platforms without a power umbilical to shore, with results possibly informing future commercial uses. Market: -0.6% today ($210.96), +11.8% YTD, 0.7x vol — as of 12:15 UTC Coverage: 3 outlets in 24h

Ocean Power Technologies ($OPTT) and Stratum Holdings ($SRTM) signed a non-binding letter of intent for a proposed collaboration to demonstrate offshore data center assets powered by wave, wind, and solar energy.

The companies aim to test whether edge AI inference can run on PowerBuoy platforms without a power umbilical to shore, with results possibly informing future commercial uses. Market: -0.6% today ($210.96), +11.8% YTD, 0.7x vol — as of 12:15 UTC