USA: M3Wave Surpasses USD 500.000 Mark in Grant Awards

USA: M3Wave Awarded Over USD 500.000 of Grant Awards

M3Wave announced that the company has surpassed the $500,000 mark in grant awards in the last 18 months.

M3 Wave Energy Systems LLC was formed to commercialize the DMP ocean power device. Funding for M3 Wave Energy Systems LLC is predominantly a combination of US Government grants and private investors.

The Delos-Reyes Morrow Pressure Device, or DMP, is an innovative new approach to the concept of extracting energy from the ocean, which was originally developed in 1991.

The DMP operates beneath the surface of the ocean, avoiding many of the issues inherent with surface-based systems, like ocean power buoys, ocean wind farms, and floating PV.

Submerged operation reduces the impact on commercial navigation, recreation, fisheries, marine animals, aesthetics, and sea birds. Residing under the surface also protects the DMP from some of the harsh aspects of the ocean environment, such as wind loading, inclement weather, rogue waves, UV damage, etc. Additional benefits include tow-to-site, self-deploying and recovery capability, enhanced power source security, and stealthy power generation potential for military applications.

Subsea World News Staff, June 08, 2012; Image: M3Wave

Share this article

Follow Subsea World News

Events>

<< May 2016 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Underwater Technology Conference

2016 will be a year to remember for all of us working in the oil and gas industry and it will be talked about in decades to come, such as they…

read more >

5th International Conference Offshore Cabling 2016

At the upcoming event you will get the opportunity to learn from offshore cable installation case studies and gain insights into latest…

read more >

OPEX Global Subsea Power Cables Forum for the O&G and Energy Industry 2016

This year subsea power cable forum will bring together key experts from Oil and Gas and Energy Industry globally to discuss the current…

read more >

ADVANCED SUBMARINE POWER CABLE & INTERCONNECTION FORUM

The 2016 event will look to emulate the success of this years’ conference and continue to showcase real practical examples on what the industry…

read more >