Oregon Wave Energy Trust

Wave Energy Technology – New Zealand Feasibility Study (WET-NZ)

Northwest Energy Innovations (NWEI) is conducting a feasibility study to assess the financial viability of conducting a grid-connected, small-scale (1 to 10 MW) demonstration of the Wave Energy Technology-New Zealand (WET-NZ) technology in the Oregon territorial sea and connected to an Oregon utility. NWEI is receiving financial assistance from USDOE and OWET to help further validate the technical performance of the technology under separate programs. The feasibility study will help further establish the business case for an in-ocean demonstration of the WET-NZ wave energy converter in Oregon.

Partners: Northwest Energy Innovations, Power Projects Limited (NZ), Industrial Research Limited (NZ), and Pacific Energy Ventures
Completed: 2011
Cost: $50,000 – Industry Matching Funds

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.