Oregon Wave Energy Trust

Oregon Wave Energy Trust Seeks Submissions for Its 2012 Ocean Energy Fast Pitch Competition

View Original Source at PRWeb.com

August 6th, 2012

In conjunction with the seventh annual Ocean Renewable Energy Conference in Portland, Oregon, Oregon Wave Energy Trust (OWET), a non-profit organization working to promote the responsible development of ocean energy in Oregon, today announced it has begun seeking submissions for the 2012 Ocean Energy Fast Pitch Competition.

For the first time, early stage technology developers will have the ability to “pitch” their technologies to a panel of judges in hopes of winning up to $10,000 worth of cash and in-kind support and services from OWET and ocean energy industry partners.

“One of the largest barriers to innovation in this field is financing. OWET’s goal in creating the Ocean Energy Fast Pitch Competition is to provide early business support to encourage innovation and emerging ocean energy developers,” stated Jason Busch, executive director of OWET. OWET has a particular interest in identifying new technologies and developers with an interest in pursuing testing and/or project development in Oregon.

All early stage ocean energy technology developers with a Technology Readiness Level (TRL) of four or below are encouraged to submit an application for the competition. Applicants interested in competing in the 2012 Ocean Energy Fast Pitch Competition must register online and submit their application by August 16^th,2012. Contestants will be judged not only on the strength of their pitch, but also on the potential feasibility of their technologies.

OWET’s university partners, including industry experts from Portland State University, Oregon Institute of Technology, and Oregon State University, will select the top five finalists to compete in the September 26^th event where they will each have five minutes to make their pitch to a panel of judges. The winner will be announced the following day, September 27th.

The top five finalists will have full access to the Ocean Renewable Energy Conference (a $425 value), and the opportunity to display a poster featuring their technology at OWET’s booth in the conference’s exhibit hall.

Registration and application information is available here.

Questions about the 2012 Ocean Energy Fast Pitch Competition should be sent to Matt Sanders at msanders@oregonwave.org.

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.