Oregon Wave Energy Trust
About OWET
Oregon Wave Energy Trust (OWET) – with members from fishing and environmental groups, industry and government – is a nonprofit public-private partnership funded by the Oregon Innovation Council in 2007. Its mission is to serve as a connector for all stakeholders involved in wave energy project development – from research and development to early stage community engagement and final deployment and energy generation – positioning Oregon as the North America leader in this nascent industry and delivering its full economic and environmental potential for the state. OWET’s goal is to have ocean wave energy producing 2 megawatts of power – enough to power about 800 homes – by 2010 and 500 megawatts of power by 2025.
OWET 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.
For more information about OWET or to support the development of wave energy in Oregon please contact us by email.
Membership
Join Us.
Become a memberfor Oregon’s future.
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.
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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.
