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New Year, New Focus, And New Look

OWET was founded in 2007. As we begin our 10th year of operations, we feel privileged to be active during a period of tremendous evolution in the energy sector and our industry. While 2016 had its challenges, there was progress made that we find encouraging.
The continued testing of wave energy devices at the Wave Energy Test Site in Hawaii cannot be overstated. For many years, the number one mantra has been “gear in the water.” Today, the industry should be proud that significant progress has been made on that front, both in the United States and around the world, with multiple deployments in Australia, China, Europe, and the United Kingdom. When individual companies deploy, the entire industry benefits. 
Late in 2016, the Department of Energy (DOE) announced that the Northwest National Marine Renewable Energy Center (NNMREC) will receive, subject to appropriations, up to $40 million to construct the Pacific Marine Energy Center South Energy Test Site (PMEC-SETS) in Newport.
The selection of the NNMREC test site for federal funding just confirms what we’ve always known…Oregon is a great place to do wave energy business. Our congratulations and thanks go to everyone who worked so hard to make this happen, including the faculty and staff at NNMREC, the Oregon Innovation Council, state and local officials, and of course Oregon’s visionary congressional delegation.
Also in 2016, the State of California has initiated a variety of efforts to examine and prepare for offshore renewables, especially wind energy. Several conferences were held last year, and, most importantly, the State of California entered into a Memorandum of Understanding with the Department of Interior coordinating and promoting the development of offshore renewables, including both wind and marine hydrokinetics. The California market is indeed an exciting prospect. 

Today, the marine renewable energy industry is closer than ever to commercialization, and significant developments throughout the west coast, from Hawaii to Alaska, reinforces our conviction that our industry benefits from a regional perspective. The west coast of the United States, including Hawaii and Alaska, provides amazing opportunities and resources ranging from supply chain, to testing and demonstration, to market opportunities.
To kick off the New Year, and mark our tenth anniversary, we have refreshed and renamed waveNEWS to reflect these changes in the industry, and in Oregon, since we first started publishing in 2009. We hope you enjoy the new Marine EnergyNEWS format and welcome your feedback.

Warm regards,
Jason Busch
Executive Director

Wave Energy Big Splash

Oregon offshore test site ramps up

OWET Executive Director, Jason Busch, recently had an article published in The Energy Times regarding PMEC-SETS and what it means for Oregon and the industry. Read the full story here

Twelfth Annual Ocean Renewable Energy Conference

September 13 &14, 2017 in Portland, Oregon

After a very successful 2016 conference, we’ll be back in Portland at the Leftbank Annex. Mark your calendar and watch our website for more information.

Questions? Email

Partner News

Big News at NNMREC!

NNMREC has been selected for negotiation for a $40 million award from the US Dept. of Energy to construct and commission the PMEC-SETS wave energy test facility. This is a result of the effort of several years of hard work. Thank you to the strong leadership from Sen. Wyden as well as the strong support from the Oregon, Washington and Alaska delegations. Read more at and find the official DOE press release here→

Federal Marine Spatial Planning: West Coast Update

Federal Marine Spatial Planning: West Coast Update
POET and Clean Energy Group co-host webinar February 2

The West Coast Regional Planning Body is gathering data and preparing to draft a marine spatial plan. Please join this free webinar to learn more about the regional planning effort, its effect on marine renewable energy development, and how stakeholders can engage in this effort. Find more information and register here


NHA Marine Energy Council Reminder
Last chance to register for DOE Water Power Program peer review meeting

The DOE Wind Energy Technologies Office (WETO) and Water Power Technologies Office (WPTO) will hold their Project Peer Reviews February 14-16, 2017, at the Sheraton Pentagon City Hotel in Arlington, Virginia. Read more about the event and register

PNNL Annex IV Environmental Webinar
Recent Research of Interest to the MRE Industry

Mark your calendar for the next Annex IV Environmental Webinar titled: Recent Research of Interest to the MRE Industry. Sponsored by the Annex IV initiative to the IEA Ocean Energy Systems, the webinar will be held on January 18 from 16:00 - 17:30 UTC.
This webinar will feature two recent sets of research findings that will further elucidate the importance of EMF from cables and fish interaction with devices to the industry. Ann Bull, Ph.D., Chief, Environmental Sciences Section, Pacific Region Office of Environment, Bureau of Ocean Energy Management, and Haley Viehman, Post-doctoral Fellow, Acadia University will present this webinar.
This webinar will last roughly 60 minutes with time for questions and answers at the end. Participant login instructions can be found on Tethys here 


Industry News

DOE Marine and Hydrokinetic Technology Development and Advancement Funding Opportunity Announcement 
Concept papers due January 17, 2017

The DOE Water Power Technologies Office issued a Funding Opportunity Announcement (FOA) to support the research, testing, and development of innovative technologies capable of generating renewable, environmentally responsible and cost-effective electricity from U.S. water resources. This FOA solicits applications that propose projects supporting MHK research and development in two Topic Areas: Wave Energy Converters System Advancement and Open Topic – MHK Technology Development. Learn more here→


Oregon Department of Energy Announces $2 Million in Available Grant Funding for Renewable Energy Projects Across the State
Applications due February 10, 2017

The Oregon Department of Energy is pleased to announce it is accepting applications for its Renewable Energy Development (RED) Grant program. ODOE has approximately $2 million available for projects across the state that generate renewable energy. Qualified systems must produce electrical energy from a renewable source such as biomass, solar, geothermal, hydroelectric, wind, landfill gas, biogas, or wave, tidal, or ocean thermal energy. Grants are capped at $250,000 per system and may not exceed 35 percent of the project cost. Find more information here


Upcoming Events

Federal Marine Spatial Planning: West Coast Update

POET and Clean Energy Group Webinar
February 2, 2017
Learn more here→

PNNL Annex IV Environmental Webinar

January 18, 2017 from 16:00 - 17:30 UTC
Learn more here→


RenewablesUK Wave & Tidal 2017 

London, England
February 23, 2017
Learn more here→


Washington D.C.
May 1-3, 2017
METS abstracts due February 10, 2017
Learn more here→





Why Support OWET?

Wave energy is one key part of the comprehensive alternative energy solution for Oregon. And thanks to a combination of unique characteristics is the only source of energy where Oregon enjoys such a clear competitive advantage. As a result, Oregon’s wave energy industry provides countless opportunities to deliver significant economic benefits to the state.

About Oregon Wave Energy Trust

Oregon Wave Energy Trust (OWET) is a nonprofit, public-private partnership helping to responsibly develop marine renewable energy by connecting stakeholders, supporting research and development, and engaging in public outreach and policy work. With 300 miles of coastline characterized by powerful waves and steady winds, a robust electrical transmission system close to coastal communities, transportation and port infrastructure, experienced and established manufacturing and supply chain, supportive policies and leading research institutions, Oregon is uniquely positioned to be North America’s leader in marine energy. With the growing need for new clean sources of energy and sustainable family-wage jobs, OWET’s goal is to responsibly develop the marine energy industry and maximize its benefits for the environment and economy.

Our Founding Partners

Oregon Wave Energy Trust was funded in part with Oregon State Lottery Funds administered by the Oregon Business Development Department. It is one of six Oregon Innovation Council initiatives supporting innovation and long-term economic growth.

Copyright © 2017 Pacific Ocean Energy Trust, All rights reserved.

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