Sustainable Business Oregon: Wave energy gains traction, $4.7M in federal funding

by Lee van der Voo, Sustainable Business Oregon
published October 7, 2010

Wave energy development is seeing a flurry of activity in Oregon thanks to $4.7 million in grants from the United States Department of Energy and an influx of funding from a state initiative aimed at igniting the sector.

The Oregon Wave Energy Trust recently matched 20 percent of costs for four companies that won federal grants to develop wave energy projects or technology in Oregon. OWET also funded four feasibility studies for future wave energy projects at $50,000 each.

Jason Busch, executive director of the Oregon Wave Energy Trust said all of the money went to companies with proven technology to help develop projects or make wave energy technology more efficient, longer lasting and…

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