The registration deadline for the Wave Energy Prize has been extended for additional two weeks.
Wave Energy Prize, a competition launched by US Department of Energy (US DoE), aims to accelerate the development of WEC devices that capture energy from ocean waves.
The original deadline for the team registration was set for June 15, but Wave Energy Prize administration team has extended the deadline to June 30, 2015.
The number of teams registered for the Wave Energy Prize so far amounts to 45, including the teams from 40SouthEnergy , Oscilla Power , and Protean Wave Technology .
The team that ranks the highest after testing the 1:20 scaled WEC device model will be awarded $1.5 mln. The second team will win an award in the amount of $500.000, and the third-placed tam will be awarded $250.000.
US DoE expects to select finalists and alternates in early 2016.
The judging panel will include technical experts from Sandia National Laboratories, National Renewable Energy Laboratory, Naval Surface Warfare Center – Carderock Division, and Ricardo Inc.
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Image: Wave Energy Prize