Oscilla Power was honored as a Finalist in Fast Company’s Innovation by Design Awards for 2023 in the Sustainability category for its Triton wave energy converter (WEC).
Oscilla Power’s Triton™ wave energy converter (WEC) will make ocean wave energy a viable resource that can complement solar and wind in many locations worldwide including the US West Coast. The innovative design of the Triton overcomes the main limitations that have prevented ocean wave energy from being adopted previously by offering increased levels of energy capture, conversion efficiency, and survivability in the harsh ocean environment.
“The secret to our ability to produce clean energy consistently, economically, and sustainably from waves is the unique system architecture of the Triton,” said Balky Nair, Ph.D., Co-Founder and CEO of Oscilla Power. “It is an honor to be recognized by the judges and editors at Fast Company for such a fundamental aspect of our business. I would like to thank our investors and funding agencies, especially the US Department of Energy, Water Power Technologies Office, for their faith in us. This is also a significant recognition of their vision.”
“The Triton design is a result of many years of sustained effort and innovation by our technical team. Fast Company’s recognition is greatly received and provides important motivation for us to push the Triton system towards commercial-scale deployments,” said Tim Mundon, Chief Technology Officer of Oscilla Power.
The Innovation by Design Awards, which can be found in the September 2023 issue of Fast Company, honor the designers and businesses solving the most crucial problems of today and anticipating the pressing issues of tomorrow. The competition, now in its 12th year, features a range of blue-chip companies, emerging startups, and hungry young talents. It is one of the most sought-after design awards in the industry.
“So much innovation news these days is focused on AI,” said Brendan Vaughan, Editor-In-Chief of Fast Company. “This year’s Innovation by Design honorees are a reminder that it’s human ingenuity that drives invention.”
The Fast Company recognition comes on the heels of the Triton System being named one of TIME’s top 200 inventions for 2022. In addition, Oscilla just recently completed a successful preliminary ocean test of the smaller 100 kW Triton-C system in Hawaii.
The judges include renowned designers from a variety of disciplines, business leaders from some of the most innovative companies in the world, and Fast Company’s own writers and editors. Entries are judged on the key ingredients of innovation: functionality, originality, beauty, sustainability, user insight, cultural impact, and business impact.
