
Owner, Oregon Wave Energy Trust
Portland, Oregon Area

Owner, Oregon Wave Energy Trust
Portland, Oregon Area
Oregon Wave Energy Trust (OWET) - with members from fishing and environmental groups, industry and government - is a nonprofit public-private partnership funded by the Oregon Innovation Council in 2007. Its mission is to serve as a connector for all stakeholders involved in wave energy project development - from research and development to early stage community engagement and final deployment and energy generation - positioning Oregon as the North America leader in this nascent industry and delivering its full economic and environmental potential for the state. OWET's goal is to have ocean wave energy producing 2 megawatts of power - enough to power about 800 homes - by 2010 and 500 megawatts of power by 2025.
OWET is part of an overall effort to establish the state as the leading wave energy generator in the U.S., and the goal is to have ocean wave energy producing 500 MW of power by 2025. Five hundred MW of ocean energy projects will encompass less than five square miles of the ocean space. The short-term goal of OWET is to facilitate 2 MW of wave energy being produced by 2009 - enough power for approximately 800 households.
renewable energy, wave energy, alternative energy, research, development