Wave Energy Prize creates team-up forum

The forum is created to support teams, investors, and contributors interested in forming partnerships for participating in Wave Energy Prize competition.

The forum serves as a ‘classified ad’ section, and can be used by teams or individuals to advertise needs for additional expertise to round out their team skill sets and talents.

Individuals and/or organizations with an interest or particular expertise in the design, development or building of wave energy devices can promote themselves to join or support an existing team.

Investors in the energy sector can reach out to teams with financial opportunities and other forms of support to aid in the development of technology for the Wave Energy Prize and beyond.

Wave Energy Prize Administrators state the forum is public and open to any interested party, and thus strongly caution the users of the forum not to disclose any confidential or proprietary information in the marketplace entry.

The Prize Administrators take no responsibility for issues arising out of a participant’s inclusion of confidential information in their marketplace profile.

US Department of Energy has launched the Wave Energy Prize competition that aims to double the performance of wave energy conversion devices over the next two years.

The team that ranks the higher after testing the 1/20th scale WEC device model will be awarded USD 1.5 mln. The second team will win an award in the amount of USD 500.000, and the third-placed tam will be awarded USD 250.000.

The deadline for registration is set for June 15, 2015.

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Image: DoE/Illustration