As a brief introduction, CalWave has developed and patented the most efficient and scalable wave energy technology to unlock the largest baseload clean energy source.
CalWave's vision is to reverse climate change and preserve global biodiversity through the renewable and sustainable power of ocean waves (LINK to ESG Whitepaper). Our mission is to bring superior wave technology to the market worldwide empowering coastal communities to transition to a fully sustainable and reliable power supply. Our proprietary wave energy converter technology achieves high performance while surviving storms and extreme conditions by operating fully submerged at all times.
In September of last year, our team has successfully commissioned and is operating our first pilot system off the coast in San Diego without any downtime till today, followed by the opening of our Series A.
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CalWave's major milestones
- In 2016, CalWave spun out from UC Berkeley (Mechanical Engineering and CITRIS Foundry), graduated from Cyclotron Road and was a winner of the Department of Energy’s (DOE) US Wave Energy Prize. And won a multi-million dollar DoE contract in 2017 for an open ocean trial.
- In 2019, CalWave received two additional multi-million dollar awards by DOE to 1) build a commercial scale drive train in parallel to our open water demo and 2) design the next generation of our submerged pressure differential WEC and investments from Breakout Labs, High Tide Foundation, 1517 Fund and others.
- In 2022, followed by the successful long-term field trial of our San Diego open ocean pilot, CalWave received a $7.5M award from the US DOE with the goal to install and operate a grid connected system at PacWave, a new 20 MW rated wave demonstration site in Oregon.