Ocean Community News

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. This design-build-test competition is encouraging the development of game-changing 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.

Background information on the official registered teams can be found on the Wave Energy Prize website.

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