Oregon Wave Energy Trust

What we do.

We’re a connector to all stakeholders.
Oregon Wave Energy Trust (OWET) is a nonprofit public-private partnership funded by the Oregon Innovation Council. Its mission is to support the responsible development of wave energy in Oregon.
OWET emphasizes an inclusive, collaborative model to ensure that Oregon maintains its competitive advantage and maximizes the economic development potential of this emerging industry. Our work includes stakeholder outreach and education, policy development, environmental assessment, applied research and market development.

OWET Projects Categories

  • Clearinghouse Acts as an information hub for industry, identifying and resolving barriers, and linking groups to provide a forum for wave energy stake-holders.
  • Market Development Initiates and supports market development activities for the wave energy industry.
  • Applied Research And Development Initiates applied research projects that answer questions surrounding development.
  • Environmental Research Initiates environmental research projects to answer questions key to wave energy development.
  • Policy And Regulation Support policy and regulatory framework development to advance the wave energy industry.

Annual Report

OWET Annual Report Cover

What’s New

Energy Department Announces $13 Million to Advance Ocean Energy Technologies

The Energy Department announced today up to $13 million in funding to develop and test advanced components and technologies to boost the performance of marine and hydrokinetic (MHK) energy systems. The Department plans to select up to 10 awards aimed at developing advanced controls, power systems, and device structures specifically for MHK applications, which harness energy from waves, tides, or currents. Read more…

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    Reaching Out

    Did You Know?

    Oregon is a leader in wave energy.
    Oregon focuses on a collaborative model for getting wave energy projects in the water.

    That Oregon’s Coastline is among a few places in the world that has the key elements to tap into wave energy?

    That Oregon can enjoy an abundance of energy generated by ocean waves?

    That our state contains internationally- recognized experts who are leading efforts to responsibly develop wave energy?

    That Oregon has capacity to build, maintain and deliver sustainable wave energy power to the grid?


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    Membership

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    Why support Oregon Wave Energy Trust?

    Wave energy is one key part of the comprehensive alternative energy solution for Oregon. And thanks to a combination of unique characteristics is the only source of energy where Oregon enjoys such a clear competitive advantage. As a result, Oregon’s wave energy industry provides myriad opportunities to deliver significant economic benefits to the state.

    Oregon Wave Energy Trust (OWET) works closely with our state- wide stakeholders: fishing and environmental groups, coastal communities and industry, government agencies and other partners in responsibly developing this new industry while establishing Oregon as the North American leader in wave energy. The work that we do is the real benefit we offer our members.

    Our Founding Partners

    Oregon Wave Energy Trust was funded in part with Oregon State Lottery Funds administered by the Oregon Business Development Department. It is one of six Oregon Innovation Council initiatives supporting innovation and long term economic growth.

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