Neptune Wave Power announced that it had recently signed an agreement with Oregon State University to evaluate and test its patented technology at the O. H. Hinsdale Wave Research Laboratory. Neptune Wave Power has developed patented technology that will produce cost-effective commercial quantities of electric power using a generation system harnessing kinetic energy from ocean waves. The generation cost compares favorably not only with that of other generation systems such as wind power or alternative proposed wave energy capturing devices, but with many other conventional power sources as well. Oregon State University is the leading authority on wave energy and part of the Northwest National Marine Renewable Energy Center (‘NNMREC’). NNMREC serves as an integrated, standardized test center for U.S. and international developers of wave and tidal energy.
“Being able to work with the NNMREC and Oregon State University, the leading experts in wave energy research in the United States, is a great opportunity for Neptune,” said Rene Larrave, CEO of Neptune Wave Power. “Leveraging their technology and expertise to further refine our technology as we begin to deploy around the world is invaluable for our commercialization and risk mitigation efforts.”
The National Marine Renewable Energy Center (NNMREC), established in 2008, is a partnership between Oregon State University (OSU) and the University of Washington (UW) to support wave and tidal energy development for the United States. NNMREC has a full range of capabilities and is structured to support baseline studies, on-going monitoring, and setting the technical, ecological, and human dimensions standards for wave energy projects. The NNMREC also facilitate device commercialization through development of standards for validation and evaluation of devices.
WIND & WAVES: ENERGY
