SEATTLE, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Wave energy system developer Oscilla Power has been selected for a $1.8 million grant from the U.S. Department of Energy (DOE) that will accelerate the development of a utility-scale version of the company’s core Triton technology. The $1.8 million will be augmented with an additional $200,000 in cost-sharing from Oscilla Power and its partners.
The project funding will enable performance improvements and result in a detailed design for a system that is pre-permitted for the DOE’s PacWave, a first-of-its-kind, grid-connected, full-scale test facility for wave energy conversion technologies off the coast of Oregon. The system will be suitable for over two years of continuous operation at the PacWave site and will be designed to ensure a clear pathway to IEC type certification for the first commercial units.
“The power of this funding is that it not only enables the continued development of our flagship utility-scale Triton system, but it provides a clear pathway and process for commercial testing and deployment at full-scale in a real-world operating environment as the logical next step beyond this program,” said Balky Nair, Oscilla Power CEO. “We look forward to working with our partners to complete the Triton design for PacWave through this project and subsequently building and getting our Triton system in the water.”
Oscilla Power has developed a highly efficient system known as a “multi-mode point absorber.” It consists of a geometrically optimized surface float connected to a ring-shaped, vertically asymmetric heave plate by three taut, flexible tendons. Unlike most conventional wave energy devices, Triton’s surface float can extract energy from ocean waves in all six degrees of freedom (heave, pitch, surge, sway, roll and yaw) allowing for increased energy capture across a wider range of ocean conditions. This provides a greater average annual energy production and a substantially lower levelized cost of electricity.
The DOE awards are designed to strengthen wave energy technologies to accelerate their commercial viability and deploy them at scale to help decarbonize the grid and reach President Biden’s goal of net-zero carbon emissions by 2050.
In a press release announcing the grants, U.S. Secretary of Energy Jennifer Granholm said: “Harnessing the unrelenting power of the ocean is a clean, innovative, and sustainable way to curtail carbon pollution — benefitting American businesses and families, especially coastal communities hit hardest by the impacts of climate change. Diversifying and expanding our clean energy sources will usher in a new era of energy independence that makes the grid more resilient, curbs the climate crisis, and saves Americans money on their energy bills.”
Oscilla’s partners on this project include: Glosten Associates, Spencer Fluid Power, Applied Motion Systems, Applied Control Engineering and DNV.
About Oscilla Power
Founded in 2009 in Seattle, Oscilla Power develops novel wave energy systems that produce power at a lower levelized cost than traditional wave energy systems which are cost-competitive with incumbent systems. Its core Triton wave energy platform is engineered to produce renewable power at a levelized cost that is competitive with current clean energy costs. Oscilla Power is producing two wave energy systems with this multi-mode architecture: the Triton and the Triton-C. The Triton is a 1 MW rated power system that is designed to be installed in large arrays to provide utility-scale power while the Triton-C is a 100 kW rated power system designed for remote or isolated communities, or small coastal facilities. More information can be found at www.oscillapower.com.
Media Contact
John Williams, Scoville PR for Oscilla
206-660-5503, jwilliams@scovillepr.com
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