Oscilla Power, Inc. (OPI)

Oscilla Power, Inc. (OPI) is developing a low cost wave energy converter to unlock the tremendous renewable energy potential of the world`s oceans. Oscilla Power is a privately held company, backed by investors with deep experience in the energy and financial services industries. OPI operates out of a 5,000 square foot office, lab and testing facility on the north shore of Lake Union in Seattle, WA and has satellite offices in Edinburgh, Scotland and Madrid, Spain. The world`s most energetic waves are found on the US West Coast, Northern Europe, Chile, Australia and New Zealand, but there are many areas around the world where wave energy could prove cost competitive.

Company details

2151 N Northlake Way, Suite D , Seattle , Washington 98103 USA

Locations Served

Memberships

Business Type:
Manufacturer
Industry Type:
Energy - Renewable Energy
Market Focus:
Globally (various continents)

SIGNIFICANT POTENTIAL SUPPLY
Ocean waves represent our planet's last untapped large-scale renewable energy resource. Over 70 per cent of the earth's surface is covered with water. The energy contained within waves has the potential to produce up to 80,000TWh of electricity per year - sufficient to meet our global energy demand five times over.
GREATER PREDICTABILITY
Ocean waves are generated by wind passing over the surface of the sea - a process which often begins many hundreds or thousands of miles from shore. Because waves originate a long way from shore, computer models of wave propagation allow us to accurately forecast incoming waves up to five days in advance.

In comparison with wind or solar energy, it's easier to accurately predict how much and when energy can be generated. Because the peaks and troughs of wave energy are not in synch with those from wind or solar, combining the power from these sources acts to even out their combined output, leading a more predictable and steady renewable energy mix.

A diverse renewable energy portfolio will lead to a more stable energy system, reduced variability and lower cost. In addition, a strong renewable energy mix means we become less reliant on traditional power sources such as oil and gas. This will lead to greater energy security.

LOW IMPACT
Wave energy is, by its nature, a clean energy resource. Aside from the energy expended in manufacture and installation of wave energy devices, it produces no carbon emissions. While environmental impacts for large-scale power plants of any type need to be studied at a local level and will might differ from one technology to another, our engagement with experts at the DOE’s Pacific Northwest National Laboratory suggest confirm that Triton should have a negligible impact on the aquatic environment.
OCEAN ENERGY STILL AN UNTAPPED RESOURCE
Despite its massive potential as a source for renewable energy, the ocean is unlikely to contribute meaningfully to electricity supplies without dramatic, innovation-driven improvements in average energy production, installed capital cost and reliability that deliver cost-competitive electricity to the grid. Traditional system concepts, using traditional and/or complex drivetrain solutions, have been unable to deliver the wide-band response required for high energy production or the reliability required for low maintenance costs.