Oregon Wave Energy Trust

Aquamarine Power USA receives OWET grant for Oregon wave energy study

November 8th, 2010

Aquamarine Power USA LLC, a subsidiary of wave energy company Aquamarine Power UK, has been awarded a matching grant by Oregon Wave Energy Trust (OWET) to look at the potential for using wave energy to produce clean, sustainable electricity along Oregon’s coastline.

The $50,000 grant will pay for a feasibility study into the potential for deployment of Aquamarine Power’s Oyster wave energy technology off the coast in the service areas of Central Lincoln People’s Utility District and/or Tillamook People’s Utility District. Specifically, the grant is intended to help deploy Acoustic Doppler Current Profile (ADCP) devices that measure & record the frequency, intensity and height of waves as they approach the Oregon shoreline. Aquamarine Power will be searching for local vessels to deploy the devices.

Aquamarine Power USA was one of four companies to be awarded a grant by OWET under its OWET Industry Matching Program.

Read the full press release.

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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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.