This grant is for installation of Acoustic Doppler Current Profiler, which will measure the wave energy resource at a number of points along the coast.
Aquamarine Power said its goal is to find a potential location for the installation of a demonstration array of three wave energy devices which the company aims to install by 2016.
The company will match the grant with $100,000 of their own funds, and this follows the award of a $50,000 matching feasibility grant to Aquamarine Power by OWET in November last year.
According to the company, these two grants will support a study into the wave energy potential off the coast in the service areas of Central Lincoln People’s Utility District and Tillamook People’s Utility District.
