Oregon Wave Energy Trust

Advancing Commercialization of Ocean Wave Energy Technology in Oregon

The goal of this open program is to accelerate the development and deployment of innovative ocean energy technologies to provide a domestic source of clean, affordable energy that is both economical and ecologically responsible. OWET aims to further the sponsorship of current and necessary research, development, test, evaluation, and demonstration of these emerging technologies, in order to effectively generate renewable and cost-effective electricity from ocean resources.

Award Recipients:

OWET will provide up to $63,926 in funding to Columbia Power Technologies for the next phase of its project “Power Electronics Interface.”

OWET will provide up to $57,263 in funding to M3 Wave Energy Systems for the next phase of its project, “DMP Wave Energy Conversion 1:4 scale device and testing.”

OWET will provide up to $39,750 in funding to Neptune Wave Power for the next phase of its project “Model 2.0 Build-Out and Wave-Lab Testing for the Oregon Coast.” – Final Report

OWET will provide up to $37,500 in funding to Ocean Power Technologies for the next phase of its project, “In-Situ Baseline Acoustic Monitoring.”

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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Become a member for 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.

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.