CalWave wins $500,000 as runner up in DOE Wave Energy Prize

The CalWave team at the University of Iowa during tank testing for Gate 2 of the Wave Energy Prize

The CalWave team at the University of Iowa during tank testing for Gate 2 of the Wave Energy Prize

CalWave, led by Cyclotron Road Innovator Marcus Lehmann, has placed 2nd out of 92 teams in the US Department of Energy Wave Energy Prize. As runner up, Calwave was awarded $500,000 to continue development of its high efficiency deep water wave energy converter.  Congratulations to Marcus and the CalWave team!

According to the press release from DOE, the "18-month design-build-test competition... focuses on catalyzing the development of game-changing wave energy converters that will ultimately reduce the cost of wave energy. Wave energy technology could one day provide clean, cost-competitive, reliable energy for homeowners, communities, businesses, and government in geographically suited parts of the United States."