Katie Brigham of CNBC writes about the private sector push to harness the power of waves.
- Several startups are racing to harness the power of the ocean, which is projected to be able to generate 2.6 trillion megawatt hours of electricity per year.
- PacWave, an Oregon State University spinoff, is partnering with the Department of Energy to develop a wave energy test site off the Oregon coast.
- The company is set to become America’s first full-scale grid connected test facility when its site comes online in the next few years.
- Public-private partnerships such as these could be key to delivering new sources of carbon free energy to the market.
Read the full article here.