Oscilla Power bags $1 million for wave energy device

The Washington State Department of Commerce has awarded funding to Oscilla Power to further advance its wave energy technology.

Oscilla Power will use grant funds to design, build and test a community-scale wave energy converter, the Seattle-based wave energy developer informed.

The project is expected to validate a cost-effective approach to unlock the untapped potential of ocean waves to generate massive amounts of renewable electricity around the world.

Partners in the project are Glosten Associates, a naval architecture and marine engineering firm, and Janicki Industries, an advanced composite materials tooling and manufacturing firm.

The funding for Oscilla Power was provided through Washington state’s Clean Energy Fund, which in addition to Oscilla Power, awarded matching grants to four other projects seeking to advance research and development in clean power technologies.

Rahul Shendure, CEO of Oscilla Power, said: “Washington state’s Clean Energy Fund provides crucial financial support for projects like ours. Together, we’re playing a leading role in advancing marine energy research and development to benefit communities here and around the world.”

Oscilla Power is developing a Triton wave energy device, which is a multi-mode point absorber that consists of a catenary moored surface float connected to vertically asymmetric heave plate by three tethers.