ORPC

Renewable Energy • Portland, Maine, United States • 51-100 Employees

Company overview

Headquarters	254 Commercial St., Suite 119B, Portland, Maine 04101, US
Phone number	+12077727707
Website	orpc.co
NAICS	221111
SIC	491
Keywords	Licensing, Permitting, Project Development, Engineering, Distributed Generation, Marine Energy, On-Site Generation, Distributed Energy, River And Tidal Energy Technology, Modular Power Systems, Environmental Assessment & Monitoring, Canada And Chile, Community Relations & Engagement, Harness Energy From Free Flowing Tides, Marine Hydrokinetic Technology And Projects, Project Development In The U.S., River And Tidal Power Systems, Solutions For Remote Communities And Industries, Technology And Power Systems, Including Alaska, Rivers And Ocean Currents, On & Off-Grid Power
Founded	2004
Employees	51-100
Socials

Key Contact at ORPC

Stuart Davies

Chief Executive Officer

Mobile @orpc.co

ORPC Email Formats

ORPC uses 4 email formats. The most common is {first initial}{last name} (e.g., jdoe@orpc.co), used 43.5% of the time.

Format	Example	Percentage
{first initial}{last name}	jdoe@orpc.co	69.6%
{first name}{last name}	johndoe@oceanrenewablepower.com	21.7%
{last name}{last name}	doedoe@orpc.co	8.7%

About ORPC

Proven and reliable underwater power systems that generate energy from free-flowing tides and rivers, ORPC improves people’s lives and their environment through sustainable energy solutions. A global leader in marine energy technology and project solutions, we are initially focused on solving the problem of high cost diesel power generation in remote islanded communities by harnessing the power of ocean and river currents to create predictable, locally produced and reliable energy. Worldwide we are the only company to have built, operated and delivered power to a utility grid from a tidal energy project, and to a local microgrid from a river power project. ORPC is committed to working with local partners and creating local economic opportunities. In 2019, ORPC launched its commercial RivGen® Power System in Igiugig, Alaska, supplying energy to the remote community and setting a record as the longest operating current energy converter device in the Americas. ORPC has installed a second RivGen device in Igiugig, along with smart grid technology and energy storage, with the goal of decreasing the community’s diesel fuel use by 60-90%. ORPC has developed a globally respected knowledge database of fisheries and marine life interaction with our power systems, and in over a decade, no known adverse impacts have been observed in either river or ocean environments. Our projects are carried out in full collaboration with local communities, universities, environmental agencies, fishing industry groups and other stakeholders. ORPC is pursuing strategic and financial partnerships that will allow us to expand our operations in North America, South America and Europe, and supply our commercial power systems and expertise worldwide where ocean and river energy resources exist.

ORPC revenue & valuation

Annual revenue	$12,000,000
Revenue per employee	$123,000
Estimated valuation?This valuation is estimated based on industry average for the Renewable Energy industry and current estimated revenues	$38,400,000
Total funding	$40,000,000