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>

<< Sep 2016 >>
MTWTFSS
29 30 31 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 1 2

Jee: Pipeline Cleaning for Decommissioning Workshop

The workshop will look in general terms at challenges to pipeline cleaning in the decommissioning phase, how these challenges can be overcome…

read more >

Petrotech 2016

The conference content is managed by a committee of industry experts representing NOCs, IOCs, service providers and academia active…

read more >

SPE Annual Technical Conference and Exhibition

The event will embrace the conference’s heritage of excellence, drawing on the expertise of leading international oil and gas professionals…

read more >

ADVANCED SUBSEA POWER AND HEATING CABLES FOR THE OIL AND GAS INDUSTRY

This conference will establish a common understanding of the challenges and indicate future application and performance of subsea electrical…

read more >