Oregon Wave Energy Trust

Ocean Renewable Energy Industry Needs Input

November 30th, 2011

The State of Oregon, through the Oregon Innovation Council, competitively selected wave energy as Oregon’s next emerging industry. Ocean energy was viewed as a viable source of renewable energy and a tremendous job creator compatible with protecting our important marine environment. The Oregon State Legislature formed the Oregon Wave Energy Trust (OWET) and invested $10,000,000 to date over three biennium budgets to pursue the goal of 2MW of ocean renewable energy by 2015 and 500 MW by 2025.

OWET and the ocean renewable energy power industry are focused on the responsible development of projects off the coast of Oregon that will benefit the State, benefit the local communities, prove to be commercially viable and result in dependable renewable energy and sustainable jobs. The OWET Board of Directors initiated the Industry Advisory Group (IAG) to seek input from private industry stakeholders and to encourage the goals of responsible development, investment, and job creation in Oregon.

The IAG is a diverse group of ocean renewable energy industry stakeholders that represents companies involved in wave energy, offshore wind energy and hybrid wave-wind energy conversion, and potentially tidal and river current energy conversion. The IAG appreciates working with an equally diverse group of stakeholders including appointed and elected officials, local, state and federal agencies, members of other stakeholder groups and the public. The IAG supports the Territorial Sea Plan (TSP) process, participated in the meetings to-date and will continue to participate.

The Territorial Sea Plan Working Group (TSPWG) invited ocean energy industry stakeholder input. The Oregon Land Conservation and Development Commission appointed ocean renewable energy industry representatives on the Territorial Sea Plan Advisory Committee (TSPAC). The IAG sought input from a wide range of stakeholders and coordinated a consensus statement of industry needs and interests in order to prepare timely private industry input to the TSPWG and TSPAC.

Read the full Ocean Renewable Energy Industry Needs Input document.

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?

Have You Heard?

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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.