Schmidt Marine

CalWave is currently competing in the US Wave Energy Prize and achieved the highest score in the Technology Gate 2 out of 4 total gates. Details on http://waveenergyprize.org/teamsThe U.S. Department of Energy (DOE) announced today that nine teams have been named finalists in the Wave Energy Prize—a 20-month design-build-test competition—and will proceed to the next phase of the competition.The nine finalists and two alternates, identified from the 17 remaining official qualified teams, will continue their quest to double the energy captured from ocean waves and win a prize purse totaling more than $2 million. Each of the finalists and alternates will now receive seed funding from DOE to develop 1/20th scale models of their wave energy converter (WEC) technologies.