Ocean Power Technologies (NYSE American: OPTT) and Stratum Holdings (NASDAQ: SRTM) signed a non-binding letter of intent to collaborate on demonstrating offshore data center assets powered by wave, wind and solar energy. Under the LOI, OPT would grant Stratum a limited, non-exclusive license to certain PowerBuoy® patents and make prototype assets available, while Stratum would provide GPU assets, including NVIDIA B300 GPUs, and integration expertise and pay OPT a monthly retainer under definitive agreements yet to be negotiated. The aim is to test whether edge AI inference can run on systems powered mainly by onboard renewable generation without a power link to shore. OPT holds more than 60 patents worldwide, including more than 15 in the U.S. The companies believe cooler ocean regions could reduce cooling-related power demand, but this has not yet been demonstrated and will be tested.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 210.96 |
| Change that session | -0.59% |
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