Home Energy system US Department of Energy selects Oscilla Power for $1.8 million grant to develop its wave energy system

US Department of Energy selects Oscilla Power for $1.8 million grant to develop its wave energy system

0

SEATTLE, Jan. 27, 2022 (GLOBE NEWSWIRE) — Wave energy systems 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 full-scale version of the enterprise system. Triton core technology. The $1.8 million will be augmented by an additional $200,000 in cost sharing from Oscilla Power and its partners.

Funding for the project will improve performance and lead to a detailed design of a pre-licensed system for DOE’s PacWave, a first-of-its-kind, grid-connected, large-scale test facility for wave energy conversion technologies off the Oregon coast. The system will be suitable for more than two years of continuous operation at the PacWave site and will be designed to provide a clear path 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 Triton system at utility scale, but provides a clear path and process for commercial testing and large-scale deployment. in a real operating environment as the next logical step beyond this program,” said Balky Nair, CEO of Oscilla Power. “We look forward to working with our partners to complete the design of the Triton for PacWave in part of this project and then build and put our Triton system in the water.”

Oscilla Power has developed a highly efficient system known as a “multimode point absorber”. It consists of a geometrically optimized surface float connected to a vertically asymmetrical annular heave plate by three tensioned and flexible cables. Unlike most conventional wave energy devices, Triton’s Surface Float can extract energy from ocean waves in all six degrees of freedom (stack, pitch, surge, sway, roll, and yaw) allowing for wave capture. increased energy in a wider range of ocean conditions. This results in higher average annual energy production and a significantly 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 achieve President Biden’s goal of net zero carbon emissions by here 2050.

In a press release announcing the grants, US Energy Secretary Jennifer Granholm said: “Harnessing the relentless power of the ocean is a clean, innovative and sustainable way to reduce carbon pollution. , benefiting American businesses and families, especially those coastal communities hardest hit by the impacts of climate change. Diversifying and expanding our clean energy sources will usher in a new era of energy independence that will make the grid more resilient, curb the climate crisis, and save 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 new wave energy systems that produce power at a lower levelized cost than traditional wave energy systems that are competitive with incumbent systems. Its core Triton wave energy platform is designed to produce renewable energy at a levelized cost that is competitive with today’s clean energy costs. Oscilla Power produces two wave energy systems with this multimode architecture: the Triton and the Triton-C. The Triton is a 1 MW power system designed for installation in large grids to provide utility-scale power, while the Triton-C is a 100 kW power system designed for remote or isolated communities or small coastal installations. More information can be found at www.oscillapower.com.

Media Contact
John Williams, PR Scoville for Oscilla
206-660-5503, [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/77fa9c96-712c-4b70-b7bd-b79c5cfdabe3