USD 2 Mln Wave Energy Prize Attracts 92 Teams

Wave energy enthusiasts from industry and academia have formed 92 teams to move toward the first milestone of the U.S. Department of Energy’s (DOE) Wave Energy Prize.

The design-build-test competition is encouraging the development of wave energy conversion (WEC) devices that will achieve the DOE’s goal of doubling energy capture, thus reducing the cost of wave energy and making it more competitive with traditional energy solutions.

These official registered teams will now begin working to double the energy captured from ocean waves and win a prize purse totaling more than $2 million.

A list of the official registered teams and background information can be found on the Wave Energy Prize website.

Image: Neptune Wave Power (Illustration)