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>

<< Jul 2016 >>
MTWTFSS
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

OSV CHARTERING CONTRACT MANAGEMENT SEMINAR

New revised agenda for 2016, including the following topics:
What happens if hire remains unpaid?…

read more >

12th Annual Deepwater Intervention Forum

The 12th Annual Deepwater Intervention Forum presented a first-hand look at emerging and proven technologies which offered real-world…

read more >

ONS 2016

The ONS Conference is known as one of the world’s most important oil, gas and energy fora, giving the delegates a sneak peek into the future…

read more >

SMM 2016

SMM Hamburg 2016 is the leading international forum of the maritime industry.SMM offers the unique chance for exhibitors and trade visitors…

read more >