ORPC, Inc.

What ORPC, Inc. does

ORPC, Inc. (Ocean Renewable Power Company) is a privately held marine renewable energy technology company founded in 2004 and headquartered in Portland, Maine. The company designs, manufactures, and deploys proprietary cross-flow turbine generator systems — primarily the RivGen Power System for free-flowing rivers and the TidGen Power System for tidal currents — that generate baseload electricity without dams, impoundments, or significant environmental disturbance. Its modular RivGen variant enables scalable deployments across both riverine and tidal applications, and Integrated Microgrid Solutions bundle generation with storage and grid connectivity, developed in partnership with Schneider Electric. ORPC operates through wholly owned subsidiaries in Canada, Ireland, and Chile, with field offices in Sherbrooke, Dublin, Punta Arenas, Anchorage, and Eastport (Maine), and holds the longest continuous marine energy operating record in the Americas at its Alaska river site.

ORPC's commercial model combines hardware sales of RivGen and TidGen systems, project development services (site assessment, FERC licensing, installation, commissioning), ongoing operations and maintenance, strategic advisory services, and equipment leasing through an exclusive partnership with Warbird Capital LLC. Customers include remote and Indigenous communities (Igiugig Village, Metis Nation of Fort Providence) seeking diesel displacement, municipal/urban authorities (City of Sherbrooke, Montreal St. Lawrence River project), and industrial enterprises (Shell Technology Marine Renewable Program on the Mississippi River). Revenue is project-based and lumpy; pricing is custom-quoted per deployment.

The company is heavily reliant on non-dilutive government grant funding from sources including the U.S. Department of Energy, EU Horizon 2020, Natural Resources Canada, Interreg NWE / SHINES, and SEAI, supplemented by a $25 million growth capital round in August 2021 led by Canadian Shield Capital and Hatch. With 11–50 employees and a small number of commercial deployments, ORPC remains in a pre-commercial-to-early-commercial phase, with major forward catalysts including the East Foreland Cook Inlet FERC pilot license and up to $29 million in shortlisted DOE follow-on funding.

Name

ORPC, Inc.

Legal name

Ocean Renewable Power Company, Inc.

Website

https://orpc.co

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

ORPC is a U.S.-headquartered marine renewable energy company that designs and deploys proprietary cross-flow turbine systems (RivGen and TidGen) to generate baseload electricity from free-flowing rivers and tidal currents, serving remote communities, indigenous groups, municipalities, and industrial customers across the Americas, Ireland, and Chile.

Ownership category

akta.pro rank

Product category

Marine Renewable Energy / Hydrokinetic Power Systems

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Engines & Turbines (3510), Motors & Generators (3621), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF)

akta.pro secondary industries

Hydropower Turbines & Electro-Mechanical Equipment (Turbines, Generators, Governors) (EUAMADAC), Small & Micro Hydropower Systems (Off-grid, Rural Electrification) (EUAMADAI)

Keywords

• Marine renewable energy
• Hydrokinetic power systems
• Tidal energy technology
• River current turbines
• Microgrid energy solutions

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Marine Energy Hardware Sales: Sale of RivGen and TidGen power systems to customers including remote communities, utilities, and industrial users. Systems generate electricity from free-flowing rivers and tidal currents.
2. Project Development Services: End-to-end project development including site assessment, regulatory licensing (FERC applications), installation, and commissioning of marine energy systems.
3. Operations and Maintenance: Ongoing O&M services for deployed systems, including environmental monitoring and performance optimization.
4. Equipment Leasing: Leasing solutions offered through Warbird Capital LLC partnership for RivGen Power Systems, enabling customers to access technology without large capital outlays.
5. Strategic Advisory Services: Consulting services for site assessment and marine energy project development guidance.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

ORPC (Ocean Renewable Power Company) designs, manufactures, and sells hydrokinetic power systems — primarily the RivGen Power System for free-flowing rivers and the TidGen Power System for tidal currents — that generate baseload renewable electricity without dams or impoundments. The company also delivers end-to-end project development, site assessment, regulatory licensing, installation, commissioning, and ongoing operations & maintenance services to remote communities, utilities, municipalities, and industrial customers in North America, South America, and Europe.

Product overview

ORPC (Ocean Renewable Power Company) is a marine renewable energy technology company offering a portfolio of water power solutions centered on its proprietary cross-flow turbine technology. The core commercial product is the RivGen Power System, a hydrokinetic device that generates electricity from free-flowing river and tidal currents. The company also offers the TidGen Power System for tidal-specific applications and the modular RivGen for scalable deployments. These systems are complemented by Integrated Microgrid Solutions that bundle power generation with storage, controls, and grid connectivity. ORPC operates globally through subsidiaries in the U.S., Canada, Chile, and Ireland, with projects spanning Alaska, Maine, Quebec, Manitoba, Northern Canada, Chile, and Northern Ireland.

Differentiator

Problem solved

Functional benefit

Products and services

• RivGen Power System ORPC's flagship commercial hydrokinetic power system that generates predictable, affordable baseload electricity from free-flowing river and tidal currents without dams or impoundments. Designed, built, tested and proven in the USA for remote communities, municipalities, and industrial users located on waterways.
• Modular RivGen Power System Next-generation, modular, scalable version of the RivGen system developed with funding from the U.S. DOE Water Power Technologies Office. Designed for easier deployment and scalability across river and tidal applications, with advanced composite materials.
• TidGen Power System ORPC's tidal energy power system designed specifically for capturing energy from tidal currents, including planned deployment at the East Foreland site in Cook Inlet, Alaska — the site with the highest tidal energy potential in the U.S.
• Strategic Advisory Services Consulting services for site assessment and marine energy project development guidance, helping customers evaluate and plan hydrokinetic deployments.
• Site Assessment Services Site evaluation services for prospective marine energy project locations, supporting customers through feasibility and resource analysis.
• Project Development & Deployment Services End-to-end project development including regulatory licensing (e.g., FERC applications), installation, commissioning, and ongoing operations & maintenance for deployed marine energy systems, including environmental monitoring and performance optimization.
• RivGen Equipment Leasing

Quantifiable outcome

• 212 ton CO2/year savings with one RivGen system compared to diesel generation.
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators16 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Verdant Power: Verdant Power develops free-flow kinetic hydropower turbines for tidal and river applications, with the Roosevelt Island Tidal Energy (RITE) project in New York's East River. Directly comparable to ORPC as a marine hydrokinetic technology developer targeting urban and remote deployments.
• Simec Atlantis Energy (SAE): SAE is a UK-based tidal stream developer (formerly Atlantis Resources) operating the MeyGen project in Scotland. Comparable to ORPC as a tidal current energy project developer with commercial-scale ambitions in marine hydrokinetic generation.
• Minesto: Minesto is a Swedish developer of subsea kite technology (Deep Green) for tidal and ocean current power generation. Comparable to ORPC as a marine current energy technology company with utility-scale ambitions and a focus on predictable baseload renewable generation.
• Ocean Power Technologies: OPT is a U.S.-based wave energy technology developer (PowerBuoy systems) targeting offshore, defense, and ocean observation markets. Comparable to ORPC as a publicly listed marine renewable energy hardware company pursuing commercial deployment.
• Carnegie Clean Energy: Carnegie Clean Energy (formerly Carnegie Wave Energy) developed CETO wave energy technology for offshore power generation. Comparable to ORPC as an Australian-listed marine renewable energy technology developer in the broader ocean energy category.
• HydroQuest: HydroQuest is a French developer of hydrokinetic turbines (including the 'OceanQuest' floating tidal platform) for river and marine applications. Directly comparable to ORPC as a hydrokinetic turbine manufacturer with deployments targeting river currents and tidal sites in Europe.

Broad incumbents

• ANDRITZ Hydro: ANDRITZ Hydro is one of the world's largest suppliers of turbines, generators, and electromechanical equipment for conventional hydropower plants. Comparable to ORPC as a hydropower turbine/generator manufacturer, but with a broader portfolio focused on large conventional hydro rather than hydrokinetic free-flow applications.
• Voith Hydro: Voith Hydro is a global incumbent manufacturer of hydroelectric turbines, generators, and automation systems. Comparable to ORPC in the broader hydro equipment manufacturing space, but focused on large-scale conventional dams and pumped storage rather than marine hydrokinetic applications.
• Cummins: Cummins is a global leader in diesel and natural gas generator sets, which are the incumbent technology ORPC displaces for remote community power. Comparable in targeting the same off-grid and remote power customer base, but with the incumbent fossil-based solution that hydrokinetic is competing against.

Others

• Schneider Electric: Schneider Electric is a global energy management and automation company that signed an MoU with ORPC for integrated microgrid solutions. Relevant as a strategic partner and channel for ORPC's remote-community microgrid offerings, and an adjacent ecosystem player in distributed energy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ORPC_Inc
• Facebookfacebook.com/207103839
• LinkedInlinkedin.com/company/1185350

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds7 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ORPC, Inc.