Category: News

23 Jul 2020

Ocean wave energy company receives DOE boost for energy storage technology

Oscilla Power receives $1.1 million Phase II SBIR award to help investigate how farms of ocean wave energy devices can utilize energy storage to reduce costs.

SEATTLE, WASHINGTON, USA, July 23, 2020 /EINPresswire.com/ — Oscilla Power, Inc is pleased to announce that it has been selected for a $1.1 million Phase II SBIR award from the US Department of Energy. This award will help Oscilla develop a novel underwater energy storage technology and investigate how large-scale farms of ocean wave energy devices can be best connected to the grid.

This award will allow a continuation of work previously completed by Oscilla Power that emphasized the advantages of co-locating energy storage with wave energy systems. Large-scale energy storage has long been touted as crucial in increasing the effectiveness of variable renewables, such as wind or solar energy. As part of this new project, Oscilla will further develop its energy storage concept and investigate the effect of interconnecting a 50MW farm of its Triton wave energy devices into a power grid. The work is expected to indicate that large farms of wave energy devices can produce more reliable power than existing wind or solar plants.

Tim Mundon, VP Engineering for Oscilla, says, “Although ocean waves have very high short-term variability, they are much more consistent over longer periods of time, which is a key advantage of wave energy. Understanding how very large farms of devices interact may help us identify further optimizations that will drive down the costs of utility-scale wave energy.”

Oscilla Power will be working with Brayton Energy to develop the energy storage component of this new work. Brayton has previously developed an underwater compressed air energy storage system with the US DoE and Navy. Oscilla Power will also be working with experts from Oregon State University and Pacific Northwest National Laboratory to help understand the array and interconnection aspects for a 50MW farm of wave energy devices.

This work is expected to start shortly and will continue over the next two years. The award is a Phase II SBIR (Small Business Innovation & Research) award, funded through the Water Power Technology Office (WPTO), part of the Energy Efficiency (EERE) and Renewable Energy arm of the US Department of Energy (DOE).

About Oscilla Power Inc.: Oscilla Power Inc. is developing advanced technology to extract energy from ocean waves. They are currently completing the construction of the Triton-C prototype, a 100kW wave energy converter that is expected to be tested in Hawaii next year.

10 Jul 2020

The Economic Tide Of This Renewable Resource Is Rising

Source: Benzinga, Author: Jaycee Tenn. In the early 1970s, various types of wave energy converters were proposed as concerns surrounding the 1973 oil crisis began to rise. Since then, R&D of wave energy has been growing as more and more investors and engineers have acknowledged the resource’s environmental and economic benefits. According to a 2020 Market Research Report, the global wave energy market is projected to reach USD 107 million by 2025 from an estimated market size of USD 44 million in 2020, at a CAGR of 19.3%.

For coastal regions, an adoption of wave power as the main source of energy could help to reduce greenhouse gas emissions. The waves off U.S. coasts have the estimated potential to produce as much as 2.64 trillion kilowatthours — equivalent to about 64% of the electricity generated in the U.S. in 2018.

What Is Wave Energy?

Wave energy conversion is the process of taking mechanical energy, that is derived from the ocean’s waves, and converting it into electrical energy to power homes, businesses, etc.

Ocean waves are caused by wind blowing along the ocean’s surface. These waves hold a tremendous amount of energy, and because the wind blows consistently and with a lot of force, the water is able to hold continuous waves.

In looking at renewable energy, an important factor to consider is the consistency and predictability of the renewable source being used. Since the ocean is a 24/7 resource, waves are continuously being produced with varying intensity throughout the day. This massive and highly predictable resource puts wave energy amongst one the most reliable sources for alternative energy.

Multiple companies around the world have been able to harness wave energy through the invention of energy converters. Triton WEC, designed and created by Oscilla Power, utilizes an innovative design that adapts to the fluctuating force of the ocean’s waves, regardless of how much fluctuation is occurring.

The Benefits Of Wave Energy

Conversations surrounding the reduction of fossil fuels have been circling the globe long before the proposal of a Green New Deal. In fact, according to an article published in The National Geographic, carbon dioxide emissions from burning coal account for 44% of the world’s total. It is attributed to being the biggest single source cause of rising global temperatures above pre-industrial levels.

The November 2018 Fourth National Climate Assessment Report found that global temperatures must be kept below 1.5 degrees Celcius (above pre-industrial levels), in order to avoid the most severe impacts of climate change.

As human activity has attributed to a majority of the observed climate change over the past century, protecting against severe consequences of climate change will require global reductions in greenhouse gas emissions from human sources. Specifically, 40 to 60 percent from 2010 levels by 2030 and net-zero global emissions by 2050, according to the report.

Renewable sources like wave energy produce zero greenhouse gas emissions, allowing for a global reduction of CO2 levels over time. In addition to the reduction of greenhouse gas emissions, wave energy provides a slew of energy conservation benefits:

  • Ocean power is estimated to reduce greenhouse gas emissions by 1.4 gigatons over the next 30 years
  • Wave energy takes up a significantly smaller amount of space for the same energy output as other renewable sources (wind, solar) — these converters do not require access to roads or land to be installed
  • Wave energy converter devices can extract more power from a smaller volume at lower costs due to its higher energy density
  • Wave energy is easy to predict since sea states can be accurately determined 5 days in advance; This determination can then be used to calculate how much energy will be produced
  • Because waves are always in motion and hardly interrupted they act as a reliable source of alternative energy
  • Waves can travel for thousands of miles and only experience little energy loss

The economic growth of wave energy is largely contributed to investments from manufacturers into the research and development of hydroelectric power. The need for renewable energy will only continue to grow, as the harmful effects of fossil fuels on the environment become more apparent. Wave energy has the potential to account for 25% of energy in the U.S. alone, creating a massive opportunity for economic growth in this sector.

 

 

 

02 Jul 2020

Oscilla Power Announces Launch of MicroVentures Investment Opportunity

Oscilla Power, Inc is pleased to announce the launch of a private placement offering in accordance with Regulation Crowdfunding (Reg. CF) adopted by the U.S. Securities and Exchange Commission (SEC) through MicroVentures.

More information on this offering can be found at https://app.microventures.com/crowdfunding/oscilla-power.

Oscilla Power Inc is developing advanced technology to extract energy from Ocean Waves. They are developing the Triton and Triton-C wave energy converters that promise to substantially lower the cost of extracting energy from the ocean. The ocean wave energy market is projected to grow at a compound annual growth rate of 24% to over $15 Billion by 2027.

Oscilla Power was founded in 2009 and has received over $20M in federal and over $5M in private funding to develop their technology. They are currently completing construction of their first commercial-scale system, the Triton-C, a 100kW wave energy converter which is expected to be tested in Hawaii next year. This system is currently being constructed in Seattle at the Snow & Company shipyard.

The development of the Triton-C has been substantially funded through the US Department of Energy’s Water Power Technologies office (DOE WPTO), who have committed over $5 Million to date towards the design, development and construction.

According to Oscilla Power’s President, Balky Nair, “The bulk of the funds from this new Reg Crowdfunding raise are intended to go towards completing the final outfitting and early activities towards deployment of the Triton-C in Hawaii.”  Oscilla Power expects that the successful demonstration of the 100kW Triton-C wave energy system will be one of the last steps needed to commercialize their wave energy technology and will be a crucial stepping stone to prove the success of the 1 MW utility-scale Triton system in the coming years.

01 Nov 2019

Construction started on full-scale Triton-C

Oscilla Power recently started construction of the Triton-C wave energy converter and have now completed the preliminary build of the system hull.

Seattle-based Snow & Company is the primary contractor for the construction of the Triton-C and work is being completed at their facility in Ballard. Detailed design for the Triton-C has been completed by respected naval architects Glosten, also located in Seattle, and who have been working closely with both Oscilla and Snow to ensure that the hull construction progressed smoothly. With the hull construction is substantially complete, work will start on the internal systems (‘drivetrains’) that will convert the wave-driven motion of the Triton-C into electricity that will be exported to shore. These drivetrains are a proprietary hydraulic/electrical design that enables high efficiency power conversion with high reliability. The drivetrains are currently under construction and are expected to be delivered to Snow for integration in Q2 2020.

The Triton-C is a 100kW community-scale wave energy system developed to provide power to remote communities and facilities. The system will be tested in Hawaii at the US Navy’s Marine Corps base towards the end of 2020. It is expected that the prototype Triton-C will be tested for a year in Hawaii before being bought back to Washington state where it will generate power commercially.

 

27 Jun 2019

Oscilla Power Awarded Phase 1 SBIR from US DoE

Oscilla Power was recently awarded a $200,000 grant by the US Department of Energy to explore how compressed air energy storage can benefit wave energy converters.

New opportunities for ocean wave energy adoption can be opened up if the inherent power variability associated with wave power generation can be mitigated through storage. Further, larger storage quantities may be able to allow scheduled or offset dispatch; for example, allowing a significant fraction of the energy that is captured during times of high wave intensity in the evening to be provided to the grid during the early AM hours when demand starts to rise and before solar generation can meet this demand.

In this project, Oscilla Power will explore integrating underwater compressed air energy storage (CAES) with its Triton wave energy converter (WEC) to mitigate the above the issues and improve the value of wave energy.

The overarching goal of this Phase 1 SBIR project is to successfully develop a concept design for an energy storage system that can be integrated with OPI’s Triton WEC to provide power smoothing and load balancing functionality. In particular, this will include down-selecting a preliminary concept and approach for energy storage on board the utility-scale Triton system. It will further demonstrate through numerical modeling, the various performance benefits in terms of power smoothing, load balancing and cost advantages that can be offered by co-locating large-scale energy storage with wave energy.

20 Apr 2019

Oscilla Power Featured in Fast Company

Oscilla Power was included in a World Changing ideas article in Fast Company, entitled: Could wave power be the next boom in renewable energy?
Several devices that generate electricity from the movement of waves are about to begin large-scale testing in Hawaii. In a shipyard in Portland, Oregon, a massive new energy generating device is nearly complete. In mid-May, it will begin a three-week journey to Hawaii for the first large-scale test of the tech connected to the grid. Months later, two other new technologies will also head to Hawaii to begin their own tests. It’s one step toward wider adoption of a form of renewable energy that doesn’t yet exist commercially: waves. Read more.

09 Jan 2019

DOE picks Oscilla Power as Winner in Marine Energy R&D Program

January 9 (Renewables Now) – The US has selected 12 projects to get USD 25 million (EUR 21.8m) in financing in support of research aimed at cutting costs and accelerating the deployment of marine energy devices, as well as testing new concepts.

The funds will be provided by the Department of Energy (DOE), through its Energy Efficiency and Renewable Energy Water Power Technologies Office, it was announced on Tuesday.

11 Jun 2018

The US DOE Awards Oscilla Power Among Innovative Marine Energy Technology Companies

June 11 (Renewables Now) – The US Department of Energy (DOE) has awarded $6.7 million in federal funds for the development of innovative technologies aimed at cutting the cost of power generation from marine energy.

The financing will be allocated to six companies or partnerships and will come from the Office of Energy Efficiency and Renewable Energy’s (EERE) Water Power Technologies Office, DOE said on Friday.

05 Oct 2017

Oscilla Power included in Paul Hawken’s Drawdown

Noted environmentalist Paul Hawken recently released Drawdown, a book that maps, measures, models, and describes the 100 most substantive solutions to global warming. Oscilla Power is listed as one of those solutions!

Drawdown, as explained in the compendium, is that point in time when the concentration of greenhouse gases in the atmosphere begins to decline on a year-to-year basis. The book takes a practical approach, looking at solutions that are already in place or nearly ready for market, with a goal of determining if it is possible to reverse the buildup of atmospheric carbon within thirty years.

To learn more about the book, visit the Project Drawdown website. Bill Maher also interviewed Paul Hawken recently about the book and his work on his show Real Time with Bill Maher.

20 Jun 2017

Washington Dept. of Commerce awards Oscilla Power $1 million for clean energy R&D

“Washington state is committed to bold leadership on ensuring a low-carbon future for our children and their children. We must continue to make wise, fruitful investments in technologies that create good-paying jobs while protecting our environment,” Gov. Jay Inslee said.

“As clean energy engages with our state’s other powerful industry sectors – aerospace, manufacturing, global health and information tech – Washington companies are poised to bring disruptive technologies to new customers all over the world,” Commerce director Brian Bonlender said. “These projects have potential to spur new business and economic growth that makes for strong, resilient communities.”

Impact Bioenergy ($550,000) of Auburn, WA, will implement systematic, community-scale food waste biocycling on Vashon Island, WA. The decentralized system will eliminate the need to ship out food waste materials and bring in amendments like compost and fertilizer. Food waste will be converted to energy for heat, power and alternative fuel vehicles, liquid organic fertilizer and sequestered CO2 used in agriculture and horticulture.

“In addition to an innovative product and passionate, talented people, now we have access to capital resources. Thanks to Governor Inslee and the Clean Energy Fund for that last ingredient, which rounds out our recipe to change the world,” said Impact Bioenergy CEO Jan Allen.

Janicki Bioenergy ($283, 158) of Sedro-Woolley, WA, will demonstrate their innovative vapor recompression distillation system that produces clean, potable water from dairy manure wastewater using thermal evaporation, steam compression, vapor recovery and water treatment. This grant will demonstrate the commercial viability of Janicki’s technology, which has the potential to provide global sanitation in places with no public water or sewer systems.

Oscilla Power ($1 million) based in Seattle, WA, will use grant funds to design, build and test a community-scale wave energy converter. The project will validate a cost-effective approach to unlock the untapped potential of ocean waves to generate massive amounts of renewable electricity around the world. Partners in the project are Glosten Associates, a Seattle-based naval architecture and marine engineering firm, and Janicki Industries, an advanced composite materials tooling and manufacturing firm based in Sedro-Wooley.

“Washington state’s Clean Energy Fund provides crucial financial support for projects like ours. Together, we’re playing a leading role in advancing marine energy research and development to benefit communities here and around the world,” said Oscilla Power CEO Rahul Shendure.

SuperCritical Technologies, Inc. (SCTI) ($283,158) of Bremerton, WA, is developing ways to use supercritical carbon dioxide (sCO2) instead of steam to generate electricity. They are investigating use of CO2 hydrodynamic bearings and related technologies such as tiny turbines and lubricants, to develop compact power plants. Modular units the size of shipping containers could generate electricity at the point of consumption, such as converting waste heat to power operations at an industrial facility, for example.

Zunum Aero ($800,000) of Kirkland, WA, will develop the first commercial-class hybrid aircraft. Partners in this grant proposal include the Clean Energy Institute at the University of Washington, Pacific Northwest National Laboratory (PNNL) and the Grainger Center for Electrical Machinery and Electromechanics at the University of Illinois, Urbana-Champaign.

“We are excited that the Washington Clean Energy Fund is joining Boeing HorizonX and JetBlue Technology Ventures to support our development of breakthrough hybrid-electric aircraft for the early 2020s. This support will extend Washington leadership to a new era of aviation, and pave the way to green, quiet skies. Our hybrid aircraft will also benefit all of us across the state, offering door-to-door travel 2 to 4 times faster than today, and affordable service to many of the 64 federally supported airports in Washington,” said Zunum Aero CEO Ashish Kumar.

This is the third round of grants awarded for clean energy research and development since the Washington State Clean Energy Fund was established in 2013. The fund also invests in revolving loan funds for commercial and residential energy efficiency, public and private utility electric grid modernization, and loan programs for solar and renewable energy manufacturing facilities. Last year, the Legislature approved over $100 million in capital budget funds to invest in clean energy and energy efficiency. It included $40 million for the state’s Clean Energy Fund. Learn more at www.commerce.wa.gov/CEF.