This is an excerpt from EERE Network News, a weekly electronic newsletter.

March 09, 2016

Energy Department Announces Finalists Vying for Wave Energy Prize

The Energy Department on March 1 announced the nine teams chosen as finalists in the Wave Energy Prize, a 20-month design-build-test competition that aims to double the energy captured from ocean waves. The teams vying for the $2.25 million prize come from California, Maine, North Carolina, Oregon, Rhode Island, and Washington.

Of the 92 teams that qualified to kick off the competition in the spring of 2015, 20 teams advanced to the second technology gate. In this round, teams designed and built 1/50th scale models of their next-generation wave energy devices, which were rigorously tested and evaluated at five small-scale, wave-generating tanks across the United States. Finalists were selected based on their results and potential to achieve the Wave Energy Prize goals.

Each of the finalists and alternates will now receive seed funding from DOE to develop a larger, 1/20th-scale model of their wave energy devices. The final round of testing will take place this summer at the nation's most advanced wave-making facility, the Naval Surface Warfare Center's Maneuvering and Seakeeping Basin, located at Carderock, Maryland.

See the Energy Department news release.