Watch LIVE: The results of the Wave Energy Prize on Nov. 16

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Will we have a winner? The Department of Energy will announce the results of the Wave Energy Prize during an Innovation Showcase to be held at Naval Surface Warfare Center Carderock Division on Nov. 16. Although attendance at this event will be by invitation only, the public is invited to watch the announcement live beginning at 10 a.m. ET.

Join us by logging on to http://energy.gov/live. Results will also be available on the Wave Energy Prize website following the event.

Wave Energy Prize winner(s) to be announced Nov. 16

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It has been a long road for our teams since registering for the Wave Energy Prize back in the spring of 2015. In 18 months, they have written technical submissions, test plans, and build plans; constructed 1/50th-scale models, completed small-scale testing, and numerically modeled their WEC’s performance; and finally, after building 1/20th-scale WEC prototypes, tested their devices at the Navy’s Maneuvering and Seakeeping (MASK) Basin in Carderock, Md. Nothing remains but to find out how many teams were able to meet or exceed the Prize’s goal of doubling the energy captured from ocean waves, and to ultimately announce whose technology met or exceeded the required ACE value and produced the highest HPQ.

The U.S. Department of Energy will announce the winner(s) during the Wave Energy Prize Innovation Showcase to be held at Naval Surface Warfare Center Carderock on Nov. 16. Attendance at this event will be by invitation only.

For our teams, whether they are the winner of the $1.5 million grand prize or not, Nov. 16 is not the end, but rather a new beginning. In the months following the Prize, the teams will analyze the data obtained during testing at the MASK Basin to help bring their innovative technologies to the market.

U.S. Department of Energy’s Wave Energy Prize Announces Finalist Teams

Meet the Wave Energy Prize Finalist Teams

The U.S. Department of Energy (DOE) announced Tuesday 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). These models will be tested at the nation’s most advanced wave-making facility, the Naval Surface Warfare Center’s Maneuvering and Seakeeping (MASK) Basin at Carderock, Md., beginning in the summer of 2016.

Official finalist teams are:

Alternate teams are:

“The qualified teams’ efforts resulted in some very promising technologies for the judges to evaluate,” said Wes Scharmen, principal investigator at Ricardo, Inc. and chief judge of the Wave Energy Prize. “Based on our preliminary evaluation, the data indicates that many of the teams identified as finalists have the potential to achieve the ACE threshold, and thus the potential to exceed DOE’s program goal. We’re looking forward to further verifying their designs performance at 1/20th scale in the MASK Basin at Carderock this summer.”

ACE—a benefit-to-cost ratio—was selected by the Wave Energy Prize as a metric appropriate for comparing low Technology Readiness Level WEC concepts when there is not enough data to calculate the levelized cost of energy —itself a cost-to-benefit ratio—from a device. ACE is determined by dividing, in essence, the wave energy extraction efficiency of a WEC by its structural cost. Finalists were determined based on their potential to achieve the doubling of the current state-of-the-art ACE value of 1.5 meters per million dollars (m/$M) to 3 m/$M during 1/20th scale tank testing at the MASK Basin, making them eligible to win the grand prize.

A panel of expert judges evaluated each qualified team based on their revised technical submissions, numerical modeling results, Model Design and Construction Plans, and the results of small-scale tank testing of their 1/50th scale models, and determined aggregate scores to identify the finalist pool.

The Wave Energy Prize is encouraging the development of game-changing WECs that will reduce the cost of wave energy, making it more competitive with traditional energy solutions.

Congratulations to the finalist teams, and thanks to all who have participated in theWave Energy Prize to date!

Wave Energy Prize Team Registration Opens; Register Now at WaveEnergyPrize.org

Team registration for the Wave Energy Prize is officially open!

The countdown has ended, and participants can now register for the Wave Energy Prize on the challenge website.

What happens after you register? Upon acceptance of your registration, you will be allowed to access the team-only section of the website, which contains the Technical Submission requirements. Registration will remain open until June 15. The Technical Submission is due July 15.

Register today! For more information, please visit the Wave Energy Prize website.

NEW! Wave Energy Prize “Marketplace” Launches

Wave Energy Prize Marketplace

The Wave Energy Prize Marketplace is now live!

What’s the Marketplace? It’s essentially a “classified ad” section, supporting teams, investors, and contributors interested in being part of the‪ #‎WaveEnergyPrize‬ community. Learn more: http://waveenergyprize.org/marketplace

Wave Energy Prize Rules and Terms and Conditions – Public Comment Summary

Wave Energy Prize Rules and Terms and Conditions Public Comment Summary

The ‪#‎WaveEnergyPrize‬ team thanks all those who provided comments and questions during the public comment period.

See all comments and responses at: http://waveenergyprize.org/about.html#rules

NOTE: Final preparations are taking a little longer than expected, but not to worry! The Wave Energy Prize registration period is still expected to open in April 2015. Please pardon the delay.