Resolute Marine - Clean Water from Ocean Waves
Issuer: Resolute Marine Energy, Inc.
Resolute Marine - Clean Water from Ocean Waves
Resolute Marine - Clean Water from Ocean Waves

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Resolute Marine - Clean Water from Ocean Waves
Issuer: Resolute Marine Energy, Inc.

Over 1 billion people suffer from the effects of water scarcity and the vast majority of those affected live in coastal areas in developing countries and island nations. Seawater desalination is an excellent potential solution, but desalination systems require a connection to a strong and reliable electrical grid for their power supply.

Resolute Marine Energy, Inc. (“RME”) is developing an innovative technology that harnesses ocean wave energy to produce fresh water and electricity in off-grid areas of the world and provide relief from the harmful economic and social effects of water scarcity. Our principal goal is to improve access to water for coastal communities and agricultural operations in developing countries and islands and to displace the diesel-powered systems that are in common use worldwide.

RME’s Wave2O™ technology is a unique seawater desalination process that couples the company’s wave energy converters with onshore desalination and electricity generating plants. The key technologies that enable Wave2O™ have been validated in a series of tests which have proven that it can be a reliable and cost-effective water production system with utility in multiple places and across multiple uses around the world. While Wave2O™ has been designed with simple operation and maintenance in mind, it incorporates several innovative technologies invented by RME.

Wave2O™ benefits for customers include low capital investment; rapid deployment; simple operation & maintenance; readily scalable; minimal environmental impact; and low cost/m3 of water produced. For our launch customer in Cape Verde, Wave2O™ can supply fresh water at an estimated cost 3x lower than the diesel-electric systems currently in use.

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Since its founding in 2007, RME has been supported by over $3.0 million of private investment from its founders and several Boston-area investors and it has received over $12.5 of Research & Development grants from the U.S. Dapartment of Energy. RME's Irish subsidiary, Resolute Marine Limited (RML), has also won an-going series of grants including from the African Development Bank, the United Nations Industrial Development Organization (UNIDO), the European Commission and the Marine Institute of Ireland. In recognition of its work in this field, RML has received multiple awards such as the EIP Water SME Award (2016) and the Water Europe SME Award (2016).

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