Oscilla Power

Unlocking the potential of ocean wave energy

Oscilla Power

Unlocking the potential of ocean wave energy

SEATTLE, WA
Electronics
Oscilla Power aims to harness the significant, untapped potential of ocean waves and offer the first commercially attractive energy generation solutions competitive with traditional renewables in the high potential ocean wave energy market. Our Triton wave energy converter plans to deliver cost competitive, utility-scale energy by combining best-in-class energy capture and power production with unparalleled reliability and survivability.

$389,422

raised
$855,377
previously crowdfunded
719
Investors
$20M
Valuation
$2.03
Price per Share
$148.19
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3M
Offering Max
Reg CF
Offering

$389,422

raised
$855,377
previously crowdfunded
719
Investors
$20M
Valuation
$2.03
Price per Share
$148.19
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Oscilla Power:

$250+
Investment
Tier 1
$250 - “I invested in Wave Energy Technology” T-shirt with Oscilla Power Logo and Triton Device images printed on it.
$500+
Investment
Tier 2
$500 - Oscilla Power thermal mug with design created by local artist.
$2,000+
Investment
Tier 3
$2,000 - Virtual meeting with Oscilla Power Management team with the chance to get questions answered.
$10,000+
Investment
Tier 4
$10,000 - Name of the investor, or other individual or company of donor’s choice, recognized on a plaque that will be installed on the utility-scale Triton prototype to be deployed in india. This would be displayed in a prominent location on
$25,000+
Investment
Tier 5
$25,000 - Visit to the OPI facility in Seattle and a meet and greet with the team, followed by dinner at a local restaurant with the Management Team. Airfare and 2 nights hotel included.

Reasons to Invest

Our prototype product, the Triton Wave Energy Converter (WEC) is engineered for high efficiency energy capture and conversion, uses low cost manufacturing and installation, and is survivable in extreme storm conditions.
We are currently preparing for our first deployment of our 100kW Triton-C system in Hawaii, funded by the Department of Energy, and have plans for a MW-scale utility deployment in India in 2022.
Through future partnerships with existing utilities and energy suppliers, our goal is to become leaders in the $4 billion wave energy market.

“Our Triton Wave Energy Converter plans to unlock the tremendous renewable energy potential of the world’s oceans.”

The Problem


Reliable Renewable Energy Has Been Too Expensive

Wind and solar power are important clean energy sources, but they create significant limitations to renewable energy adoption. This comes from poor utilization, supply intermittency, a supply and demand mismatch, and poor predictability. (source, source)

Source


Ocean wave energy is a fantastic resource, with the total theoretical wave energy potential nearly twice the global electricity supply in 2008. However, current proposed approaches to tap into this massive energy supply have so far been prohibitively expensive.

The Solution


Unlocking the Potential of Wave Energy

Oscilla Power’s Triton Wave Energy Converter (WEC), whose shape and configuration has been developed through intensive computational modeling and analysis, is highly efficient at capturing energy from ocean waves and converting it to electricity. 

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*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.

This is done while keeping the system capital cost and installation costs low enough to produce electricity at prices competitive to other renewable sources. By ultimately achieving 5-10 c/kWh for large  farms, we expect this will enable an installed capacity of over 50 GW on the US West Coast alone.

The Market


The Fast-Growing Future of Renewable Energy

The global wave energy market is projected to reach $21.65 billion by 2027, with a CAGR of 23.5% from 2020-2027. As a leading technology provider in this space, we believe a market share of 40% is attainable, which would amount to approximately $8.4 billion. 

Wave energy is widely reported to be a highly reliable form of renewable energy because waves are able to be predicted accurately many days in advance. This is a much longer time horizon than wind or solar which are unpredictable and inconsistent throughout the year. In terms of the overall renewable energy market, this increased consistency enables utilities to fill the energy production gap caused by the unreliability of solar and wind without requiring as much dispatchable fossil fuel generation or energy storage. Further, energy from waves is a 24 hour energy source, avoiding and mitigating the daily variability (duck-curve) impacts to the energy grid caused by large amounts of solar generation.

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*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.

Our Traction


Our Prototypes Are Ready for Demonstration

Oscilla Power aims to unlock the significant, untapped potential of ocean wave energy with two planned Triton wave energy converter (WEC) systems – a 100 kW unit with a 8m x 10m hull, designed for remote isolated  coastal applications, and a larger 1 MW unit with a 23m x 30m hull, designed to be installed in large arrays for utility-scale generation. We are backed by 16 granted patents. 

*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.


We are on track to  deploy the first Triton C prototype in Hawaii in 2021, supported with significant funding from the US Department of Energy. 

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*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.


The architecture behind Oscilla Power’s Triton WEC has been independently tested by the US Department of Energy (DoE) as part of the Wave Energy Prize. The Triton was one of only 4 companies that met the DOE’s commercialization targets out of over 90 entrants and at the time was able to demonstrate an ability to provide electricity at a cost less than half of the (then) current state of the art. Since that time, our experimental testing has indicated we are able to reduce the energy costs by more than half as much again.

*Image is a computer-generated version of the Triton Wave Energy Converter prototype. Product is still currently under development.

What We Do


We Made Wave Energy More Efficient and Cost Effective

Oscilla Power’s Triton WEC is a highly efficient multi-mode point absorber that consists of a moored surface floating hull connected to an optimally-shaped, vertically asymmetric heave plate by three taut, flexible tendons.

*Image is a computer-generated version of the Triton Wave Energy Converter prototype. Product is still currently under development.

Unlike most conventional WECs, Triton’s surface float captures energy from ocean waves across all modes of motion. Primarily heave, pitch, surge and roll, but also sway and yaw – allowing for increased energy capture across a wide range of ocean conditions enabling a substantially lower cost of electricity than competing approaches.

*Image is a computer-generated version of the Triton Wave Energy Converter prototype. Product is still currently under development.

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*Images are a computer-generated version of the Triton Wave Energy Converter prototype. Product is still currently under development.

The Business Model


Partnerships with Existing Suppliers for Utilities-Scale Wave Energy

We expect that the Triton WEC will ultimately be brought to market by an existing supplier of utility-scale power generation equipment. As is done today for utility-scale wind and solar projects, we expect to sell systems to project developers, independent power producers (IPPs; responsible for 40-45% of the electricity generated in the US), and electric utilities.  

We have identified that the initial locations for the utility scale system go-to-market strategy will be on the west coast of India. Unlike western markets, India has a tremendous need for new power plants to meet the demands of its rapidly growing middle class and industry. To meet growth in electricity demand over the next twenty years, India will need to add a power system the size of the European Union to what it has now. The cost to build and install a utility-scale Triton wave energy system for use in India is approximately $1M. This is significantly lower than the cost to manufacture a system for a US or European Climate, which would be closer to $2M to $2.5M. The cost difference is due to the milder wave climate and allows a lower initial CAPEX. The expected energy cost would be similar for both systems.  

*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.

How We Are Different


Efficient, Resilient, and Cost-Effective

First-generation wave energy systems that preceded us have delivered extremely low average power relative to their rated capacity and capital costs. In addition, these designs suffered from low mechanical to electrical energy conversion efficiency and poor survivability and reliability.

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*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.


Triton has the following advantages over current solutions:


Increased Energy Capture

The three tendon Triton architecture enables higher energy capture from waves by allowing power to be generated across motions in all six degrees of freedom. Depending upon the location, the natural frequencies of these motions can be either spread across a wide range of wave periods or made to coincide, depending upon what waves are expected in a given location. This allows high efficiency energy capture from a given environment.


The conversion from mechanical energy to electrical energy is achieved through a high efficiency hybrid hydraulic-electric drivetrain that has been developed through multiple federal awards in both the US and Europe and provides class-leading power-to weight, overall efficiency, and includes a proprietary ability to smooth the output power.

*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.


Reduced Capital Cost
The use of flexible tendons has a dramatic impact on capital costs due to the elimination of spar-related structural costs. Capital costs are further reduced by the use of low-cost structural materials such as reinforced concrete for the reaction structure.


Extended Lifetime
Reduction of tendon or structural failure risk, and reduction of extreme loads on the load train through a combination of hydrodynamically-optimized reaction structure design, load shedding within the drivetrain, and a highly effective extreme wave survival configuration.


Reduced Transportation/Installation Cost
The Triton is able to achieve exceptionally low installation costs when compared to competing fixed foundation approaches through its tow-to-site deployment strategy. After being towed to the site by a suitable vessel of opportunity, the Triton uses a novel  self-deployment approach that requires only limited supervision and no expensive heavy lift vessels or diver operations. This allows for much more versatility and reduced installation cost relative to many other WEC types.

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*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.

Survival in Extreme Waves

For western environments with very high extreme waves, a survival strategy is essential to avoid over design. Such a strategy has been demonstrated for the Triton, enabling the system to survive in the most extreme conditions, while also allowing power generation to continue. The impact of this strategy is that structural loads can be significantly reduced and kept below design loads for up to a once in 50 year extreme event for the  US West Coast.

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*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.

The Vision


We Are the Future of Renewable Energy

The Triton WEC has strong potential to be the first technology capable of converting the mechanical energy of ocean waves into large-scale electrical energy in a manner that is cost-viable and robust enough to survive for 20+ years in energetic wave environments. 


The first deployment of the utility-scale system will be a 1/6th scale ocean test that is planned for Maine, US and India in 2022. This will confirm the design and our hope is to deploy a full-size 1MW system on the southwestern coast of India in 2024.  


Given the high cost of electric transmission, our target early adopters are focused on key coastal utilities in California, Oregon, Washington and Hawaii. Outside the US, key target geographies for Triton’s commercialization include India, the UK, Portugal, Canada, Japan, South Africa, Australia and New Zealand. 

OUR LEADERSHIP


Scientists and Entrepreneurs Experienced in Commercializing Technological Breakthroughs

We are passionate about building smart renewable energy solutions that will last for generations. 

Our team has decades of combined experience in successfully implementing technological advancements and bringing them to market. Our past work in energy and marine engineering alongside our legal and entrepreneurial experience has prepared us to execute our vision and ensure it reaches its fullest potential.

Why Invest


Help Us Bring Renewable Energy into the Future

Oscilla Power’s Triton is an industry leading solution in terms of system efficiency and delivered cost of electricity. We have built a cost-effective WEC system that can unlock a global utility scale wave energy opportunity in a $4 billion market.

 

The capital cost of, and cost of energy from, wave energy projects using Oscilla Power’s Triton WEC will make wave energy competitive with solar energy and wind for the first time. With our upcoming initial successful system demonstrations for the utility scale and community scale systems in India and Hawaii respectively, we are poised to revolutionize the wave energy market. 


Join us as an investor today for clean energy tomorrow. 

*Image of Oscilla's Triton Wave Energy Converter (WEC). Product is still currently under development and not currently available on the market.

In the Press

Oscilla Aims to Deliver Cost Competitive Power With its Triton Wave Energy Systems

With a growing need for clean energy sources to complement wind and solar, there is an increasing need for new technology to be developed. One example of this is ocean wave energy technology, which can be deployed alongside wind and solar to add more renewables onto the grid and reduce GHGs.

Seattle Company, Oscilla Power, Developing Breakthrough Approach to Recharging Underwater Vehicles of the Article Here

Oscilla Power, Inc. is proud to announce the receipt of a $200k grant from the US DOE to further develop technology that enables autonomous underwater vehicles (AUVs) to recharge themselves using ocean waves. In this Small Business Innovation and Research (SBIR) project.

Oscilla Power plans 1-MW wave energy demo system in India

US-based ocean wave energy technology developer Oscilla Power Inc said on Tuesday it is going through the planning stages of a 1-MW demonstration project in Southern India.

Offering Summary


Company

:

Oscilla Power, Inc.

Corporate Address

:

4240 GILMAN PL W STE C, SEATTLE, WA 98199

Offering Minimum

:

$9,999.78

Offering Maximum

:

$2,999,994.90

Minimum Investment Amount

(per investor)

:

$148.23











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

4,926

Maximum Number of Shares Offered

:

1,477,830

Price per Share

:

$2.03

Pre-Money Valuation

:

$20,021,965.11











Voting Rights of Securities Sold in this Offering

Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives*

This is what was offered previously during the Microventures raise (edited slightly changing the particular version of the Triton the Investors' names will be on) -

Level 1: $250 - “I invested in Wave Energy Technology” T-shirt with Oscilla Power Logo and Triton Device images printed on it.  

Level 2: $500 - Oscilla Power thermal mug with design created by local artist.

Level 3: $2,000 - Virtual meeting with Oscilla Power Management team with the chance to get questions answered.

Level 4: $10,000 - Name of the investor, or other individual or company of donor’s choice, recognized on a plaque that will be installed on the utility-scale Triton prototype to be deployed in india. This would be displayed in a prominent location on the exterior of the wave energy device.

Level 5: $25,000 - Visit to the OPI facility in Seattle and a meet and greet with the team, followed by dinner at a local restaurant with the Management Team. Airfare and 2 nights hotel included. 

*All awards are cumulative - a higher level investment would get all the perks included in the levels below it.

**All perks occur when the offering is completed.

Irregular Use of Proceeds

Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$319,503.00 USD
$552,679.00 USD
Cash And Cash Equivalents
$41,925.00 USD
$242,385.00 USD
Accounts Receivable
$132,116.00 USD
$152,252.00 USD
Short Term Debt
$622,907.00 USD
$546,893.00 USD
Long Term Debt
$855,377.00 USD
$1,192,039.00 USD
Revenues And Sales
$46,160.00 USD
$19,317.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$1,077,283.00 USD
-$88,077.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Funds Disbursement

3 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Oscilla Power has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Oscilla Power be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Read About How Our Triton C System Uses a Wide Range of Advanced Siemens Technologies

6 days ago


Our Triton C system, currently in Honolulu harbor awaiting deployment, uses a wide range of advanced Siemens technologies, and was the focus of a recent Siemens case study! The article gives a good sense of these advanced systems that form the heart of our device. 


Read all about it 👉 https://assets.new.siemens.com/siemens/assets/api/uuid:c334bedb-9579-4383-8238-843b799793b9/oscilla-case-study-final-011921.pdf

Notice of Material Change in Offering

11 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Oscilla Power offering. Here's an excerpt describing the specifics of the change:


Issuer is updating their financials.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Notice of Material Change in Offering

11 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Oscilla Power offering. Here's an excerpt describing the specifics of the change:


Issuer is updating their financials.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Oscilla Power is Busting The High-Cost Wave Energy Myth

13 days ago

The high-cost of wave energy narrative is all too well-known, and a common knock against investing in wave energy conversion. However, given the latest technological advances, it’s time to bust the wave-energy myth and the barriers it creates to investment.


Like most myths, the high-cost wave energy myth is rooted in some facts that do not reflect modern technology or research. Stating that it is simply too high-cost is based on a few misconceptions. Once those are broken down in context, it’s easy to see the potential for wave energy to join the global energy mix.


Insufficient Modeling Capability Led to Over-Engineered Wave Energy Systems With Low Energy Production 



Wave energy production can be classified by annual energy production (how much electricity the converter can produce each year), and name-plate rated capacities (typical energy production under a specific selected wave climate). A number of the older wave energy conversion devices had very high rated capacities. But, when these systems were tested in real operating environments, the annual energy production tended to be very low. The ratio of the low annual energy production and high rated capacities would cause low capacity factors - in some cases, some systems saw capacity factors as low as 10 percent. 


In other words, many older wave energy systems had such low annual energy production, most systems (especially the small, one-off projects) had very high electricity costs.


One reason why this was so common was that the eighties and nineties lacked easy to use modeling software, and the access to computational hardware to predict  performance in real ocean conditions quickly and accurately. The ocean is very complex: Every wave that a converter is exposed to is slightly different. In order to model how much power the system could generate (and design and optimize it accordingly), advanced software modeling tools and computation power were needed—something that has only become available over the past decade. 


Early model testing and tank testing were done with limited capability. Considering the complex interaction between the capture of energy from the waves - and the conversion of this captured energy to eclectic power - the performance of the systems that were built were often inaccurate.  This resulted in devices that were inefficient when tested in real ocean conditions, resulting in very high electricity cost. 


Moreover, in an effort of extreme caution to protect devices from harsh marine environments, many of the devices were over-engineered and reinforced to withstand huge waves. This increased production and capital costs, which in turn drove up the energy costs of an already inefficient device.



Today, modern advances in technology are allowing engineers to more accurately model, test, and optimize wave energy converters that work efficiently in various marine environments.

 

Rather than design for the extreme and bulk up devices to withstand the impact of large waves, companies are taking a different approach—creating survival strategies that allow the device to avoid exposure to the harshest wave environments altogether. Though there are additional costs with implementing these features, the trade-off lowers net capital costs and maintenance costs overall. 


The bottom line is, advanced software and computing power are allowing wave energy converters to be more efficiently designed to withstand a variety of wave conditions, while more accurately predicting important data such as annual energy production, rated capacity, and ability to survive extreme waves. 


As a result, devices that are built and tested today can be designed for maximum efficiency and survivability, which ultimately drives the cost of wave energy production down.


Projected Costs of Small Early Projects Were Done on Small Scales

Comparative studies of various types of energy options report wave energy costs of anywhere between $0.35 per kilowatt-hour and a dollar per kilowatt-hour. While higher than the average cost of fossil fuels, wind, and solar (approximately $0.05 to $0.17$0.02, and $0.05 to $0.15 kWh, respectively), this doesn’t reflect the cost of wave energy at scale. In fact, these inaccurate projections are based on data from small-scale, often single unit, wave energy converters.

The production of wave energy converters at scale can be cost-effective. Producing at scale puts companies in a better position to negotiate bulk prices with vendors, which helps increase profit margins while lowering individual component costs. In addition, building energy converters at scale helps build streamlined operations for production, while also taking advantage of learning curve cost reductions of all, which lowers the cost of production even further. 


Unfortunately, reported costs of wave energy devices typically refer to one-off, small scale projects where the costs compared to at-scale systems are considerably more expensive, reinforcing the investment barrier.

Wave Renewables Have Benefits We Can’t Ignore or Write Off as Too Expensive

If you were to go back in time and look at the projections made for wind in the 1990’s, you’ll find that while the cost of wind energy was expensive, there were projections driving the cost down. Few predicted the tremendous technological leaps that allowed for the mass scale of wind renewables. Projections could be made to a certain point, but the thought of making offshore wind turbines with blade lengths greater than 100 meters that could generate 10 MW of power seemed impossible at the time. 

Wave energy is facing a similar scenario, and key players in the industry have a clear understanding and use of the technological advancements that could push wave energy to the forefront of renewables. In addition, there are endless advancements that the industry has not predicted - technological breakthroughs that can drive down the cost of wave renewables down to levels comparable with wind, solar, and fossil fuels, as has happened in each of these industries. 

Yes, wave energy is difficult to capture, but here’s the thing: it’s a largely untapped potential with benefits we can no longer write off as too expensive. The high-cost wave myth needs to be busted, and be busted for good for peak investor interest and give the industry the rocket fuel it needs to make a considerable impact in the renewable energy market. 


If you’re interested in learning more, we highly recommend reading the following: 

Liebrich is Very Wrong--Wave Power is Already Competitive 

Levelized Cost of Energy and Levelized Cost of Storage 2019 

Tidal Stream and Wave Energy Cost Reduction and Industrial Benefit 


Warmly,

Balky Nair | President

Oscilla Power

Notice of Material Change in Offering

27 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Oscilla Power offering. Here's an excerpt describing the specifics of the change:


Issuer is extending the campaign and updating their financials per the most recent fiscal year.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Notice of Material Change in Offering

27 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Oscilla Power offering. Here's an excerpt describing the specifics of the change:


Issuer is extending the campaign and updating their financials per the most recent fiscal year.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Concept Design For Utility-Scale Triton Completed

27 days ago


The Oscilla Power team recently completed the concept design for our initial version of our utility-scale Triton for energetic Western climates such as the US West Coast.  


We have made significant improvements to the concept design through this project, in terms of increasing power capture from waves and decreasing capital costs, relative to the initial baseline we had entering the project, which was our design from the wave energy prize (WEP) competition. Note that our WEP design was already good enough to be one of the finalists in the competition, and one of only 4 teams out of 91 entrants to meet DOE's commercial targets. We improved the float, the reaction ring, the system characteristics and passive damping characteristics of the system through this project. 


The net effect is that we have been able to nearly double our performance relative to the WEP design, leading to a major reduction in levelized cost of electricity and setting us up well on our path to commercially-viable utility-scale wave energy systems.  We are excited by this excellent progress, but still know that we can continue to further improve performance through additional system optimization. 


Warmly,

Balky Nair | President & CEO

Oscilla Power

Power Take-Off Completed for 1MW Triton System

about 2 months ago


Oscilla Power Community,


Oscilla Power recently completed a US Department of Energy project on the development of a power take-off ("PTO") for our utility-scale 1MW Triton system.


The PTO converts the mechanical energy captured by the Triton system into electricity which can be supplied to the grid. A key innovation developed during this project enables the PTO to be able to mechanically shed peak loads and provide a much smoother power output. Further the PTO was able to demonstrate a peak efficiency of 75%. Finally, all this was accomplished with a scalable and cost-effective design that is suitable for use in large farms of wave energy converters. 


Tim Mundon, CTO of Oscilla Power, said, "Developing this PTO functionality is a major accomplishment that keeps Oscilla Power on track to meet its overall goal of making utility-scale wave energy commercially attractive."


For more updates on our 1MW Triton system, follow our StartEngine campaign page. 



Warmly,

Balky Nair | President & CEO

Oscilla Power

Notice of Funds Disbursement

2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Oscilla Power has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Oscilla Power be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Oscilla Power Granted New UK Patent

2 months ago


Dear Oscilla Power Community,


The UK Patents Directorate recently notified us about the grant of a new patent (GB2591421B) for the Triton system. This is a key patent on the two-body Triton architecture and gives us broad protection in the UK on the core idea. 


We are very happy to be notified regarding the grant of this patent and think it is an important step in achieving our commercial objectives. The UK has an excellent wave energy resource and the Triton system can help to make tapping this resource practical. 


If you have more questions about our IP and existing patents, I encourage you to read our “2021 Patent Update” posted in our StartEngine updates section. 



Warmly,

Balky Nair | President & CEO

Oscilla Power

Notice of Material Change in Offering

2 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Oscilla Power offering. Here's an excerpt describing the specifics of the change:


Issuer is extending campaign to 4/30/22.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Watch a Recording of Our Investor Q&A Webinar

3 months ago


Oscilla Power Community,


Thank you to everyone who attended our investor Q&A webinar! It was a pleasure to get the chance to chat with our community live! 


We hope to host more webinars in the near future, so keep an eye out in your inbox and follow our StartEngine campaign page for details on the next event! 


If you missed our webinar, no worries! You can watch a recording of the event here. 


If you have any questions, please leave them in the comments section of our StartEngine page, and we’ll get back to you as soon as possible. 



Warmly,

Balky Nair | President & CEO

Oscilla Power

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Oscilla Power has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Oscilla Power be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Don’t Forget Our Webinar is Next Week!

3 months ago


Oscilla Power Community,


Next week is our exclusive investor Q&A webinar!


During this live investor Q&A, our executive team will be available to discuss all your questions regarding Oscilla Power, our Triton wave energy converter, and our StartEngine campaign. 


If you haven’t already, register today, and join us on Thursday, February 17th, 2022 at 1:00PM PST for an event you won’t want to miss!


We look forward to seeing you!



Warmly,

Balky Nair | President & CEO

Oscilla Power

RSVP for Oscilla Power’s Investor Q&A Webinar!

3 months ago


Oscilla Power Community,


We’re hosting an investor Q&A webinar, and you’re invited.


During this live event, Tim Mundon and I will be available to answer any questions you may have about Oscilla Power, The Triton wave energy convertor, and our equity crowdfunding campaign on StartEngine.  We encourage you to participate and bring those burning questions. 


Register today, and join us on Thursday, February 17th, 2022 at 1:00PM PST!


Thank you in advance for your support. Our executive team is looking forward to seeing you all in virtual attendance.


If you haven’t already, we encourage you to visit our StartEngine raise page and join our community of 1,500+ early investors today.



Warmly,

Balky Nair | President & CEO

Oscilla Power

U.S. Department of Energy Selects Oscilla Power for $1.8 Million Grant to Scale-up Our Wave Energy System

4 months ago


Dear Oscilla Power Community, 


I’m pleased to announce Oscilla Power has been selected for a $1.8 million grant from the US Department of Energy (DOE) that will accelerate the development of our utility-scale version of the company’s core Triton technology. 

Read the original press release here. 

The project funding will enable performance improvements and result in a detailed design for a system that is pre-permitted for the DOE’s PacWave, a first-of-its-kind, grid-connected, full-scale test facility for wave energy conversion technologies off the coast of Oregon. The system will be suitable for over two years of continuous operation at the PacWave site and will be designed to ensure a clear pathway to IEC type certification for the first commercial units.

The power of this funding is that it not only enables the continued development of our flagship utility-scale Triton system, but it provides a clear pathway and process for commercial testing and deployment at full-scale in a real-world operating environment as the logical next step beyond this program. We look forward to working with our partners to complete the Triton design for PacWave through this project and subsequently building and getting our Triton system in the water. 

We’re thrilled to have such a huge vote of confidence from the government, who has designed these awards to strengthen wave energy technologies, such as the Triton, to accelerate their commercial viability and deploy them at scale to help decarbonize the grid and reach the US Government’s goal of net-zero carbon emissions by 2050. 

As we continue to gain more momentum with the backing of the DOE, we encourage you to join our investor community to make wave energy a reality! Don’t miss out on the opportunity to invest in clean energy today, for a more sustainable future tomorrow. 



Warmly,

Balky Nair | President & CEO

Oscilla Power

US Navy Upgrading Anchors at The Triton C’s Deployment Site

4 months ago


Oscilla Power Community,


The Triton C is still dockside in Honolulu undergoing final testing and troubleshooting while we wait for the Navy to complete upgrades on our berth at the Wave Energy Test Site (WETS) in Kaneohe Bay. 


Last week (finally!) saw some calm sea conditions and allowed the Navy (via their contractor, Sea Engineering) to start work on the replacement of the existing old anchors at the WETS. New anchors are needed as the existing anchors have degraded severely since they were installed almost 15  years ago. There is very little sand at this location so the new anchors need to be bolted into the seafloor. 


Divers are being used to complete this work which is expected to take another couple of weeks, assuming the weather cooperates. Following this, the final preparation step will be for the Navy to upgrade the electrical infrastructure at the site which should also happen in the coming weeks.


We will update you when the anchor installation is complete and we start on the electrical systems. If you haven’t done so already, follow our StartEngine campaign page to ensure you receive these updates directly to your inbox. 



Warmly,

Balky Nair | President & CEO

Oscilla Power

Oscilla Power Raises Over $1M Total Through Crowdfunding

4 months ago

Dear Oscilla Power Community, 


We’re excited to see that our raise on StartEngine is now over $300K, which takes the total we have raised in crowdfunding to well over $1 million including the prior Microventures raise where we raised over $850K. 


This successful crowdfunding effort is, in many ways, just the beginning of our journey to make wave energy an important part of the global energy mix. As we continue with our capital raise, we want to take a moment to recognize what got us here: the constant progress on the development efforts, our incredible team and culture, our passionate investors, and the community of people that believe in making the world a cleaner, safer place for the generations to come.


To all of our investors, followers, and supporters - current and future - when we first started Oscilla Power, we began with a mission: 


To make commercially attractive ocean wave energy a reality.


To do that, we embarked on a journey to develop the optimal technology to make this practical  – technology that previously was thought to be too expensive and unreliable. 



Now, assisted by this crowdfunding effort that has brought in over 1,500 investors and over $1M raised, we are moving forward with achieving important milestones such as the construction of our first commercial-scale system, the Triton C, which is currently undergoing functional testing and troubleshooting at Honolulu harbor. 


From the early days of Oscilla Power, we were fortunate to put together a team of engineers and partners that share the same passion for wave energy and the expertise to engineer a commercially attractive wave energy converter. Together, we built an organization that is working diligently to realize that goal. 


Now we are fortunate to partner with an incredible community of investors that believe in inventing and adopting clean energy technologies for future generations. With a deep sense of trust, our investors have given us the opportunity to move quickly in the market and help us develop our Wave Energy Converters (WECs) - The Triton C and the utility-scale Triton. 



Our culture of transparency and ownership allows each investor to make an impact on the company and to know their impact directly from our updates. This, in turn, makes all of us at Oscilla Power and our investor community feel that we share the same goal – to reduce dependence on fossil fuels and move towards a sustainable, clean energy future. Since the start, we saw the amazing impact wave energy can have on achieving the goal of baseload renewable energy, lowering greenhouse gas emissions, and providing power to remote coastal communities that need it most. From the work we’ve accomplished, we see that wave energy can be the solution that fills the gaps to help us make the impact our community seeks. 



Our current initiatives aim to deploy our technology, with ambitious goals for tapping into new markets and making wave energy commercially available at scale. With our knowledge, resources, and growing investor community, we aim to be the first wave energy company that makes large-scale commercially attractive wave energy a reality. 


We believe that we are positioned well to be leaders in this endeavor. 


We have built the company to take such a challenge head-on while keeping our culture, our values, and our passion for sustainable technology. We would like to take the opportunity to thank you, our investors, once again and invite you to participate again and/or share the word about Oscilla Power to others you feel may be interested. 


With best regards,

Balky Nair | President & CEO

Oscilla Power

Notice of Funds Disbursement

4 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Oscilla Power has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Oscilla Power be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Oscilla Power Makes its First Technical Hire in the Indian Subsidiary

4 months ago


Oscilla Power Community, 


We’ve made our first technical hire in the Indian Subsidiary as we continue to develop the Triton in anticipation for its deployment in India. 


VVS Sricharan, is our newest Hydrodynamicst, and is specifically tasked to develop an Indian-Specific concept design for the Triton. 


The wave conditions in Southern India are slightly different from our Western climates. While Western wave climates are very strong and can produce a lot of electricity, their extreme waves are also very massive. Thus, the Triton must be designed with a survival system to manage those unique conditions. 


On the other hand, the West Coast of India does not have such strong waves, nor does it have such extreme wave conditions. In effect, this gives Oscilla Power the opportunity to develop a more cost-effective Triton system designed specifically for the local Indian market. One that does not need to be as structurally robust, and one with modifications to make it more efficient in weaker waves. 


While the Indian climates will produce less electricity than our Western climates, we can design a much more cost-effective model of the Triton that will allow us to be more competitive from a cost of electricity standpoint. 


We believe VVS is a perfect fit for this concept design as he has a PhD in Ocean Engineering, and his thesis was on developing a novel floating Wave Energy Converter for Indian waters at the Department of Ocean Engineering, IITM. His work was funded and supported by the Prime Minister Research Fellowship (PMRF), Department of Higher Education, Govt. of India.


VVS is a strategic hire, and we’re looking forward to creating a model of the Triton that will best suit India. 


For more developments on the Triton and our deployment to India, don’t forget to follow our campaign page on StartEngine. 


Warmly,

Balky Nair | President

Oscilla Power

2021 Year End Stakeholder Updates

4 months ago


Dear Oscilla Power stakeholders,

All of us at Oscilla Power Inc. (OPI) would like to wish you a very happy and prosperous 2022. As we start up a new year, I wanted to update you on where we are, the highlights from 2021, and our plans for 2022 and beyond. 

In 2021, we achieved several major milestones in our path to commercialization of ocean wave energy systems. 

Triton-C Hawaii deployment: A key accomplishment was the completion of construction of our first commercial-scale product, the 100kW rated Triton C, the smaller of the two Triton systems we are developing that is aimed at islands and small coastal communities. This is part of an ongoing major US Department of Energy (DOE) project.  As you are probably aware, the Triton-C system consists of two major components, a surface float and a reaction ring. The surface float houses the powertrain that converts the captured energy from the waves to electricity, while the reaction ring structure is suspended below the float and powertrains using three tendons. The wave driven motion of the float relative to the reaction structure rotates the powertrains which are then amplified by gearboxes and used to drive generators inside the float to produce power.  

We secured the remaining funding needed to complete the Triton C system construction and deployment through a combination of ~$2.3 million in additional funding from DOE, and about $850K raised in a crowdfunding round through Microventures. 

The float and reaction ring structure were built in Seattle by our partner Snow and Company, It was outfitted with components and subsystems manufactured by various other partners.  The assembled surface float and reaction ring was shipped to Hawaii in October. In Hawaii, OPI’s engineering team completed final assembly with help from Pacific Shipyards International and Sea Engineering. 



Since that time, the finished system has been moored in Honolulu harbor undergoing final functional testing and troubleshooting. In the meantime, the US Navy is completing upgrades on the anchors and electrical system at the installation site. Once that work is completed, and a suitable weather window presents itself, we will tow the Triton C out to site, deploy the system and get it grid connected. We are anxiously awaiting the completion of work by the Navy and their contractors and hope to get the Triton C deployed within the next few weeks.

Utility-scale system: In parallel, we have been progressing the design of our flagship product, the utility-scale Triton system (1 MW rated) through another project also funded by the US DOE. We have completed a concept design of this system for Western climates and are moving forward into the detailed design, construction and deployment of a 1/6th scale model of this system. During the course of this work, we found ways to double power production which will reduce cost. In particular we were able to realize these performance improvements through mass reduction (using a composite hull instead of steel) along with a refined mass distribution and passive control strategies that allow the system to operate efficiently at different wave conditions.

Utility-scale drivetrain: We recently completed a functional demonstration of the utility-scale drivetrain with a 20kW prototype in our Seattle lab. One of the key features of the drivetrain is its ability to limit the peak loads that are delivered to the electrical system, allowing us to greatly reduce the size, weight and cost of the generator and power electronics. A paper outlining some key findings from this project is available here:

https://www.oscillapower.com/publications



Array testing: We recently completed testing to better understand what a large-scale deployment of multiple Triton systems might look like. An array of 7 independent Triton models was tested at Oregon State University to examine how the overall power output changes in different wave conditions and with different arrangements. To our knowledge, this is the first time so many fully represented devices have been tank tested. We are currently analyzing the results, and this work will be used to develop a reference design for a 50MW offshore array.

 


India Deployment: Regarding full-scale deployment in India, we have initiated a collaboration with the leading ocean engineering organization in India, IIT Madras, and have pulled together a team to deploy the first utility-scale wave energy system on the southwest coast of India. The team has prepared and submitted a proposal to the Ministry of New and Renewable Energy for partial funding of this effort and is currently awaiting a decision on this. We have started building our India team and have started this work with funds from the ongoing StartEngine raise.

Small Sized Wave Energy Applications: The DOE is currently very active in pushing development of what they are calling ‘PbE’ (Powering the blue Economy) applications. These are smaller projects that can provide power for oceanographic applications that are felt to be nearer to market. Through this initiative, we have received funding to work on two, smaller sized, applications. We were awarded $1.15 million in additional funding for developing a wave-powered self-recharging capability for autonomous underwater vehicles to increase their range, payload and lifetime. We have also started a smaller project to develop an adaptable sensor platform that will support an offshore meteorological radar application and has the ability to be applied to other various types of ocean monitoring sensors. 

Intellectual Property: 2021 was an excellent year for us from the standpoint of getting additional patent protection with several key patents being granted in the US and UK, two of the most attractive prospective markets for wave energy in the long run. Key patents allowed in the US include modifications to tap energy from highly energetic long period waves through surge motion and also our drivetrain configuration for the Triton C system. We were extremely successful in the UK with 4 new patents allowed..

2022 Plans: In 2022 we will continue to make significant progress with many of the projects discussed above still ongoing. Most importantly, we will be deploying the Triton-C system in Q1, after which we will be busy analyzing all aspects of the system to validate performance. We will also be completing the detailed design and starting fabrication of a 1/6th scale version of the 1 MW Triton that will eventually be deployed off the coast of Maine. Our two micro-scale wave-energy projects, the AUV design and the offshore sensor platform, will both complete their design reviews. Finally, we will also be starting the detailed engineering for our utility-scale system that will be deployed in India.

From an overall perspective, we also plan to continue to grow and solidify our team both here in the US as well as in India (Assuming success in the StartEngine raise, or other fundraising efforts)  

We would like to thank you again for your investments and your faith in us and we hope to make big strides towards our ambitious goals in 2022!


Warmly,

Balky Nair | President & CEO

Oscilla Power

2021 Patent Update

4 months ago


Oscilla Power Community,


As a developer of innovative ocean wave energy systems, protecting our intellectual property with high value patents in key jurisdictions is of great importance to Oscilla Power. 


2021 was an excellent year for Oscilla Power from the standpoint of getting additional patent protection with several key patents being granted in the US and UK, two of the most attractive prospective markets for wave energy in the long run. 


Key patents allowed in the US include modifications to tap energy from highly energetic long period waves through surge motion and also our drivetrain configuration for the Triton C system. 


We were extremely successful in the UK with 4 new patents allowed, including broad patent coverage on the two-body Triton architecture, the utility-scale system power take off and the survival configuration of the system to reduce loads and survive in large storms with extreme waves.  


We will continue to file and prosecute additional patents as we move forward to create a strong, robust patent portfolio worldwide, and will keep you updated as we earn more. 


Warmly,

Balky Nair | President & CEO

Oscilla Power

Notice of Funds Disbursement

4 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Oscilla Power has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Oscilla Power be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Our Investor Community is 1,500+ Strong and Growing

4 months ago


Oscilla Power Community!


We officially have more than 1,500+ investors from our current StartEngine funding round and our previous MicroVentures round. We could not be more thankful for all of our investors helping us make wave energy commercially attractive. 


It is also a testament to the potential of wave energy in the clean energy future, and why we chose to use the crowdfunding route, bringing in all of you as investors.


Thank you again for your huge vote of confidence as we work towards making wave energy a reality!



Warmly,

Balky Nair | President

Oscilla Power

Ocean Energy Could Create 1.2M European Jobs by 2050 Report Says

5 months ago

“A new report – ‘A European Ocean Energy Industry – the €140bn Economic Opportunity’ – predicts that Europe could more than double the economic and employment benefits if it seizes the opportunity of global leadership in ocean energy developments.” 


Read the entire article here. 


There’s no doubt that the European wave energy climate has huge potential, and that the EU is working diligently to successfully implement the “EU Offshore Renewable Energy Strategy.” 


As Europe continues to push towards their net-zero energy targets through wave energy, the global wave energy demand market will grow. 


However, we want to note that the OPI is working hard to make sure that the US has a significant role to play in the global market, and if the US West Coast is tapped to its full potential, then it has as much potential as Europe for Ocean Energy job creation. 


That means, Ocean Energy could create over a million American Jobs by 2050.


Thus, investing in wave energy means you can do well and do good at the same time. 


Not only will your investment grow as the market grows, but it also means you can support net-zero initiatives laid out by the government’s recent executive order and the New Infrastructure bill, and support new job creation for your community.


Join the wave energy movement today! 


Warmly,

Balky Nair | President

Oscilla Power

Notice of Material Change in Offering

5 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Oscilla Power offering. Here's an excerpt describing the specifics of the change:


Issuer is extending campaign 60 days to date of 3/11/2022


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Notice of Material Change in Offering

5 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Oscilla Power offering. Here's an excerpt describing the specifics of the change:


Issuer is extending campaign 60 days to date of 3/11/2022


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

US Government's New Executive Order Catalyzes America’s Clean Energy Economy Through Federal Sustainability

5 months ago


Dear Oscilla Power Community, 


On December 8th, Biden signed an executive order that demonstrates how the US will be a leader in the climate crisis.


Ultimately the US government aims to have net-zero emissions from overal federal operations by 2050, including a 65% reduction by 2030. 


Moreover, the government recognizes the untapped potential of wave energy in this plan, as the new Bipartisan Infrastructure Bill includes over $110M to support marine energy commercialization efforts. 


The executive order only further validates the growing demand and market for wave energy. Those that invest now, will not only support the US’s Net-Zero initiative, but also position themselves to potentially yield a substantive ROI on their early investment. 


Here are some important highlights from the announcement. You can read the entire announcement here. 


“The President’s executive order directs the federal government to use its scale and procurement power to achieve five ambitious goals:


  • 100 percent carbon pollution-free electricity (CFE) by 2030, at least half of which will be locally supplied clean energy to meet 24/7 demand;

  • 100 percent zero-emission vehicle (ZEV) acquisitions by 2035, including 100 percent zero-emission light-duty vehicle acquisitions by 2027;

  • Net-zero emissions from federal procurement no later than 2050, including a Buy Clean policy to promote use of construction materials with lower embodied emissions;

  • A net-zero emissions building portfolio by 2045, including a 50 percent emissions reduction by 2032; and

  • Net-zero emissions from overall federal operations by 2050, including a 65 percent emissions reduction by 2030


In addition to the five new commitments that form the pillars of today’s executive action, the President also directed the federal government to orient its procurement and operations efforts in line with the following principles and goals:


  • Achieving climate resilient infrastructure and operations;

  • Building a climate- and sustainability-focused workforce;

  • Advancing environmental justice and equity;

  • Prioritizing the purchase of sustainable products, such as products without added perfluoroalkyl or polyfluoroalkyl substances (PFAS); and

  • Accelerating progress through domestic and international partnerships.




The White House also released a detailed description of this plan: The Federal Sustainability Plan: Catalyzing America’s Clean Energy Industries and Creating Jobs Through Federal Sustainability.


Together, the President’s Bipartisan Infrastructure Law, Budget for Fiscal Year 2022, and Build Back Better Act will provide agencies with the funding necessary to achieve the goals of the executive order.


Through this executive order, the federal government will transform its portfolio of 300,000 buildings, fleet of 600,000 cars and trucks, and annual purchasing power of $650 billion in goods and services to:


  1. Transition federal infrastructure to zero-emission vehicles and buildings powered by carbon pollution-free electricity, which will reduce the federal government’s greenhouse gas emissions by 65 percent by 2030 and achieve net-zero emissions by 2050.

  • Make federal agencies more adaptive and resilient to the impacts of climate change, and increase the sustainability of federal supply chains, achieving net-zero emissions from federal procurement by 2050.  

  • Mainstream sustainability within the federal workforce, advance equity and environmental justice, and leverage partnerships to accelerate progress.

 

Net-Zero Emissions Procurement by 2050


  • In 2021, DOD collected information from its suppliers on their efforts to measure and report greenhouse gas (GHG) emissions. DOD is using this information to develop low-carbon purchasing guidelines that will become part of its standard operating procedures.

  • In 2022, the General Services Administration (GSA) will require contractors to disclose the embodied carbon of building materials for new building and major modernization contracts. Embodied carbon refers to the greenhouse gas emissions (mostly carbon dioxide) resulting from the mining, harvesting, processing, manufacturing, transportation, and installation of materials. 


If you haven’t invested, we encourage you to become an early investor as wave energy technology continues to be pushed to the forefront of net-zero initiatives! 


We will continue to keep you updated on new initiatives and articles showcasing the growth of the wave energy market.


Warmly,

Balky Nair | President

Oscilla Power

Oscilla Power Working Towards Utility-Scale Demonstration in India

5 months ago



Dear Oscilla Power Community, 


I recently visited the state of Kerala in the southwestern coast of India, as part of my trip to India to meet with various partners and stakeholders to progress our activities towards deploying our first utility-scale system near Vizhinjam International Seaport Ltd. In the video linked here, you can get a feel for the site and see a bit of wave energy history - a wave energy project that was one of the longest running projects anywhere in the world. It was a near-shore “oscillating water column” device that ran for most of 30 years from 1991 to 2011.


India’s rapidly growing energy energy market, attractive local manufacturing costs, sufficiently energetic west coast wave climate, and central and state governments that champion renewable energy makes it a very attractive location for an early wave energy project. 


The coast of the state of Kerala and, specifically, the coast near Vizhinjam International Seaport have been identified as having some of the highest wave energy intensities in India. As a whole, the annual average incident wave energy intensity in India is about 60 GW, and about 5-10 GW of this may be practically utilizable. But interestingly, while the wave intensity is sufficient, the maximum wave heights we will have to deal with are a lot smaller than the peak waves on the US West Coast or in Western Europe. This offers opportunities for structural cost savings and designs/architectures for high-efficiency energy conversion for the Triton system that would not be practical in the US or Europe due to extreme wave loading. 



The project will involve a number of key local and national agencies in India. Kerala's Agency for New and Renewable Energy (ANERT) will lead implementation of the project, while Dr. Jayakumar, the CEO of Vizhinjam International Seaport Ltd. (VISL) will act as the Principal Investigator. Mr. Rajesh Jha, Chief Executive Officer of Adani Vizhinjam Port Private limited (AVPPL) has also expressed support for the project. Senior researchers from the Department of Ocean Engineering at the Indian Institute of Technology (IIT) Madras (Chennai), one of the leading Ocean Engineering institutions in India, will also participate in the proposed project.


In 2019 India's Ministry of New and Renewable Energy (MNRE) formally declared wave energy a renewable resource eligible for renewable purchase obligations (RPOs). IIT-Madras is leading a team, along with Oscilla Power seeking support from MNRE for this Research, Development and Demonstration (RD&D) project.


Oscilla Power's Triton Wave energy Converter provides many unique elements that allow it to extract energy from the ocean at a much lower cost than older wave energy systems. 


We have no doubt that, with the support of our +1,000 investor (and growing) investor community on MicroVentures and StartEngine, we can deploy utility-scale energy devices to provide reliable, carbon free energy to coastal regions around the world. 


I look forward to sending you more updates soon. If you have not done so already, don’t forget to follow our StartEngine campaign for more updates regarding our progress in achieving our technical and business milestones. 


Warmly,

Balky Nair | President

Oscilla Power






Triton C Undergoing Functional Testing in Hawaii

5 months ago


Dear Oscilla Power Community,

 

The Triton C is currently pending deployment for the final install in Kanehoe Bay. 

 

While we are waiting for a clear weather window for the Navy and their contractors to prepare the site for our deployment, we are continuing to complete functional testing on the Triton C in Honolulu harbor. 




We are re-checking all the hydraulic and electrical systems and confirming that our control systems (SCADA) are working properly. 

 

Also during this time we are installing all of the on-shore grid-connection electrical systems that will convert the power we generate so it can be provided to Hawaiian Electric Company  (HECO).

 

The image below shows all the cameras we have monitoring the Triton C at this time. 



We will continue to keep you updated with further developments, especially when we deploy!


 

Warmly,

Balky Nair | President

Oscilla Power

Notice of Funds Disbursement

6 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Oscilla Power has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Oscilla Power be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

US invests $110M in Marine Energy Commercialization

6 months ago



Oscilla Power Community,

 

The marine energy community won a major victory November 5th with passage of the bipartisan infrastructure bill. The legislation, entitled the Infrastructure Investment and Jobs Act (H.R. 3684), includes over $110M to support marine energy commercialization efforts.  

 

Summary of Bipartisan Infrastructure Framework

 

The House passed HR 3684 on Friday with a 228-206 vote. The Infrastructure and Investment Jobs Act is a $1.2 trillion infrastructure bill, with $550 billion of new federal funds for roads, bridges, highways, dams and upgrading broadband connections. The measure includes new additional investments for the Water Power Technologies Office (WPTO) to support the marine energy sector, including $70.4M for marine energy R&D and $40M for the National Marine Energy Centers.  We expect funding to become available at DOE sometime next quarter.  Attached are the actual provisions from the bill for your files. 

 

The Budget Reconciliation Package

 

In addition, there is a second, larger reconciliation package called the “Build Back Better Act” that could potentially transform the electricity landscape with an estimated $320B in incentives for clean energy, including an additional $1B for DOE renewable energy R&D. The reconciliation package is still being negotiated in Congress and we expect that it will take several more weeks before the legislation will be finalized and approved.

 

This investment into American infrastructure is a huge achievement for marine energy and a significant opportunity for the US to invest in solutions to mitigate and make our communities more resilient for climate change. 

 

We’re looking forward to tapping into this momentum, as we strive to be among the first to realize commercially attractive wave energy around the world.

 

As an investor, now is the time to invest early, and reap the rewards as the United States continues to invest in clean energy and looks to support marine energy commercialization. 

 

Join us today as an investor and feel free to reach out if you have any questions!

 



Warmly,

Balky Nair | President

Oscilla Power

Oscilla Power Hires New Sr. Product Development Engineer

6 months ago


Oscilla Power Community,


We like to think that wave energy conversion is not rocket science, but it is certainly exciting to have a rocket scientist come on board as a Sr. Product Development Engineer! 


We would like to welcome Jake Mutter to the Oscilla Power team!


Jake attended the University of Washington and graduated with a Bachelor of Science in Mechanical Engineering. While attending college, he was a member of the UW Formula Motorsport team, a student-led organization that designs and builds race cars for engineering competitions, where he contributed to suspension design and analysis, driver training and vehicle testing, and led the team as Technical Director. 


Following his graduation in 2017, he joined Blue Origin as a mechanical engineer for the first stage of the New Glenn launch vehicle, where he designed propellant management systems for the oxygen and fuel tanks, and finalized the production design of the auxiliary power unit gearbox. 


As a Sr. Product Development Engineer at Oscilla, Jake will be working on point absorber component and assembly design, and fabrication of small and/or sub-scale wave energy conversion systems. 


Jake states, “I’m thrilled to be bringing my engineering experience and skill to bear in the advancement of renewable energy technology.”


Bringing on Jake is a huge win for Oscilla Power as we continue to build a passionate and experienced team dedicated to bringing wave energy to the forefront of renewables. 


Warmly,

Balky Nair | President

Oscilla Power

6 Ways That Ocean Wave Energy Compliments Other Renewables

6 months ago


As the climate crisis continues to loom, more and more people are taking an interest in cleaner and safer, renewable energy sources. The environmental impact and pollution from traditional energy sources are taking a toll while piquing the interest in sustainable solutions. In fact, the renewable energy market in the United States is predicted to grow at a compound annual growth rate of over 6% in the next five years for such reasons. 


Over the years, innovations such as wind, hydroelectric and solar power have all offered many benefits, and will no doubt continue to support renewable energy initiatives. However, each source also comes with its challenges and limitations. 


It turns out that adding ocean wave energy, a renewable source of energy that has not yet been tapped into in a meaningful way, can be an excellent complement to other renewables such as solar and wind. By breaking down some of the limitations of wind, solar and hydroelectric energy, we show how the benefits of wave energy are uniquely positioned to compliment these resources and make our grid more efficient, and sustainable. 

The Limitations of Wind, Solar, and Hydroelectric Power


Wind


Wind energy is a renewable and sustainable source of energy. However, available wind energy at a particular location is tricky to forecast days in advance. The magnitude of wind speed and wind direction can change over short durations, which makes predicting energy output from wind farms difficult. On its own, while it will continue to grow and will remain a key contributor to the global energy mix, wind energy cannot provide power to the grid consistently enough to be a standalone solution.


Hydroelectric


In 2015, hydropower generated 16.6% of the world's total electricity and 70% of all renewable electricity. Hydroelectric power is one of the oldest and most efficient forms of clean energy and has much lower greenhouse gas emissions compared to coal and fossil fuels. 


While hydroelectric is a reliable backbone in renewable energy, adding new hydroelectric capacity is extremely difficult, including some negative impacts on the environment. 


Building dams causes disruptions to the local environment upstream by flooding and displacing the natural habitat. Damming a river will impact fish migrations and lifecycles, including the animals and people that sustain themselves on this supply. 


Not only do dams displace the environment, flooded areas can often produce significant greenhouse gas emissions that persist for years as the submerged biological material decomposes. 


On top of these cons, dams are expensive to build and there are limited areas where a dam can successfully be built and maintained efficiently. Hydroelectric is a solid pillar of the overall energy supply mix but the limitations and downsides in adding new hydroelectric capacity prevent it from being a source that can continue to be tapped as the demand for electricity grows, the hydro contribution is expected to remain fairly flat, resulting in it becoming a declining fraction of the energy mix. 


Solar Power


The solar industry struggled for a long time to break through to the mainstream, and initially only gained a foothold in the consumer market as a result of massive subsidies. More recently, however, costs have been brought down through significant manufacturing scale and simpler installation approaches.


The most common solar technology converts incident light to electricity using photovoltaic (PV) cells based on a patent granted in 1941. New approaches to solar are being developed showing promising results with the aim being an at-source, gridless, light-weight, and non-toxic application. 


The energy density of solar is quite low, perhaps 10% of wind energy, and so solar farms require large amounts of land in order to create utility-scale levels of power. Such a large land area is difficult to procure near big population centers. 


Perhaps most importantly, solar panels only capture and convert sunlight during the day making them the least dispatchable of renewable energy sources, especially in locations such as the northern US where cloud cover in winter can further cut solar availability. This means that energy storage and grid support for PV generated power become major considerations. Solar, therefore, while it will continue to grow and be critical in the energy mix, cannot be a stand-alone solution. 


Ocean Waves Can Bridge The Gaps


Wave energy has the potential to be one of the most consistent sources of renewable energy, yet so far has been notoriously difficult to capture cost effectively. Despite the unique challenges wave energy pose, waves have tremendous benefits that can fill in the gaps of our current renewable energy  sources, once efficient and cost-effective technologies can be developed to capture and convert this energy and supply it to the grid.  


1. Waves are Always There


Unlike wind and solar, waves are always present and therefore they can produce energy 24/7, although the energy level does vary over time as the weather changes. Waves provide a more consistently available power source compared to wind or solar. 


2. Waves Have Enormous Energy Potential


An average wave on the US West coast contains around 30-40 kW of power in each meter of wave crest. This means that a one-mile section of coastline will receive enough energy to power 40,000 homes. With the appropriate equipment, this energy can be converted into electricity and added to an electric utility power grid. According to Science Direct, waves at the world’s coastlines together have enough energy to provide as much 80,000 TWh of electricity per year if they could be efficiently tapped.  


3. Waves are More Predictable


Current weather forecasting is able to predict weather patterns with high accuracy. However, even with this, it is still difficult to predict wind speeds accurately more than 5-6 hours in the future. However, because waves are created by winds blowing for long distances across the ocean surface, this effectively averages out much of the uncertainty, and allows waves to be predicted with much greater accuracy. In fact, computer models of wave propagation can be used  to accurately forecast incoming wave energy intensity up to 4-5 days in advance.


4. Ocean Waves are Closer to Demand


In the US, areas of high solar and wind intensity are located in land-locked states in the center of the country. However the majority of the US population is located on the east and west coasts, so power must be transmitted to these locations using the national power grid. The transmission lines required result in not-insignificant power losses and additional losses and  disruption to local environments. Electricity transmission lines in CA were the cause of wildfires that created more than $9bn of damage in 2018. 


More than 40% of the world population lives within 100km of the coastline. This means that power generated from ocean waves has to travel much shorter distances to reach the end user than solar or onshore wind. 


5. Waves Provide Less Stress on The Grid 


One of the costliest elements of the current power structure is storage and distribution. Knowing when large amounts of energy will become available allows for more effective grid management. Because the seasonal peaks and troughs of wave energy are not in sync with those from wind or solar in many locations. Combining the power from wind, solar and wave can act to even out their combined output, leading to a more predictable and steady renewable energy mix.


6. Waves Emit No Emissions


Aside from the energy expended in the manufacture and installation of ocean wave energy devices, the energy captured from ocean wave farms produces no greenhouse gas or toxic emissions. Combined with the synergistic advantages of combining wave energy with other renewable energy sources and the added efficiencies to the grid overall, greenhouse gas emissions are reduced dramatically.


A Strong Combination of Renewables is Critical to Our Planet’s Health


Renewable and sustainable energy sources are critical to the future of our planet. Without technology that harmonizes with nature we can risk the health of our communities. A global priority on research and development of advanced energy solutions and innovations must become our foremost concern. 


At Oscilla Power we’re dedicated to developing technology that can harness grid-scale electricity from ocean waves and help to contribute to the global efforts in reducing greenhouse gas emissions. By utilizing the advantages of our technology, we can help take better advantage of the abundant resources right in front of us.



Resources

https://www.surfertoday.com/environment/how-does-wave-energy-work

https://www.cleanenergybc.org/about/clean-energy-sectors/wave

https://www.surfertoday.com/environment/how-does-wave-energy-wor

https://sedac.ciesin.columbia.edu/es/papers/Coastal_Zone_Pop_Method.pdf

https://www.theatlantic.com/technology/archive/2018/05/power-lines-are-burning-the-west/561212/

https://www.sciencedirect.com/topics/engineering/marine-energy#:~:text=Marine%20energy%20comprises%20ocean%20wave,)%20(Bard%2C%202007)



Warmly,

Balky Nair | President

Oscilla Power

The Triton C Float and Reaction Ring Have Been Successfully Integrated!

6 months ago


Oscilla Power Community!


The Triton C system is nearly complete! 


Here is a time lapse video showing the assembly of the reaction ring, and the mating of the reaction ring to the surface float of the Triton C system. 

 

You’ll see we flooded the dry dock to submerge the ring, then brought the float over the ring for its connection. 

 

If you look carefully, you’ll see the completed Triton C system in deeper water due to the weight of the reaction ring. 

 

After the assembly, the entire system was towed out into the harbor.

 

More videos and photos to come!

 

Big thanks to our investors who’ve helped us achieve this momentum! Join our investor community today on StartEngine!



Warmly,

Balky Nair | President

Oscilla Powe

Global Wave Energy Market is Expected to Grow to $21.6 Billion by 2027

6 months ago


Oscilla Power Community, 


A study by Fior Markets concluded, “The global wave energy market is expected to grow from USD 4.00 billion in 2019 to USD 21.65 billion by 2027, at a CAGR of 23.5% during the forecast period 2020-2027.”


Further, “The wave energy market is driven by an increased number of projects, technological development, rapid commercialization, rise in investments, electricity cost reduction and new policies by local governments.” 


Read the entire research article for more information. 


We hope to tap into this market momentum to make the Triton one of the first wave energy devices to provide commercially attractive wave energy. Ultimately, we aim to provide more renewables to the grid, reduce our dependence on fossil fuels, and create more reliable clean energy for generations to come. 


If you are in alignment with our mission, then invest today, for wave energy tomorrow.


Warmly,

Balky Nair | President

Oscilla Power

Oscilla Power Reaches $200K in Funding!

7 months ago


Oscilla Community, 


As an update on our equity crowdfunding campaign, we are excited to announce that we’ve surpassed $200K in funding!


For those who have invested, we want to thank you for your contribution.


We are thrilled with the support we have received so far and look forward to accomplishing more milestones in the near future.


Thanks to your help, we can continue to scale this technology and develop a utility-scale wave energy system and bring our mission to life.


Let’s keep this momentum going! We encourage you to share our raise with your network and help us continue to grow.


If you haven’t already done so, join our team of backers on StartEngine and become an impact investor today!


If there are any questions you have surrounding Oscilla Power and our raise, please feel free to reach out to us and we will get those answered for you.


Warmly,

Balky Nair | President

Oscilla Power

The Triton C’s Reaction Ring is Assembled!

7 months ago


Dear Oscilla Power Community! 


Last week we showcased the Triton C float in the water and mentioned the next step was to assemble the reaction ring. 


Well, the Oscilla Power team has been hard at work in Hawaii, working closely with our  local contractors to assemble the 8 separate parts that were shipped to Hawaii a few weeks ago. 


We’re pleased to report that the Triton C’s reaction ring structure was successfully assembled in Honolulu earlier this week, and is now ready to be mated to the surface float! 




The Triton C and the reaction ring will be towed to site in Kaneohe bay, where the ring will be suspended below the float and connected using three tendons, each of which will be connected to an individual hydraulic / electric drivetrain within the surface float. 


The relative motion between the surface float and the reaction ring will result in the forces and motion on each tendon which ultimately will generate electricity. 


Looking forward to sending you more updates and photos soon!



Warmly,

Balky Nair | President

Oscilla Power

Notice of Funds Disbursement

7 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Oscilla Power has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Oscilla Power be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Oscilla Power Featured in "Test. Optimize. Scale." Podcast

7 months ago


Oscilla Power Community, 


I was recently featured on ‘Test. Optimize. Scale.”,  a podcast hosted by Jason Fishman, SVP of Digital Niche Agency. 


On the podcast Jason and I discuss the Triton C, wave energy, and why equity crowdfunding. 


It’s a great listen if you’re interested in learning more about the Oscilla Power venture and the strategies we used for our capital raise on StartEngine.  


Warmly,

Balky Nair | President

Oscilla Power

The Triton C Float is in The Water!

7 months ago


Dear Oscilla Power Community,


We’ve made a splash this week, as the Triton C surface float has been officially put in the water at Honolulu. 



Now it’s time for us to finish the assembly of the reaction ring, to submerge it, and connect it to the float. 


Once completed, the Triton C will be towed to Kaneohe Bay for deployment! 


Stay tuned for more exciting progress updates!


Warmly,

Balky Nair | President

Oscilla Power

Here’s Why The Navy Is Betting On Wave Energy Research

7 months ago


As we’ve launched the Triton C and look to deploy in Hawaii, we wanted to highlight how the state of Hawaii has invested in wave energy technology alongside another partner: the US Navy. 


Recently, the Navy invested $6 million into research on the viability of wave energy that has been taking place near Marine Corps Base Hawaii since the early 2000s. 


Hawaii is the nation’s most petroleum-dependent state, and it has become a leader in exploring wave energy technology to meet its goal of running on 100% renewable energy by 2045. Meanwhile, the military is looking for ways to more efficiently fuel forces at sea as they increasingly focus on the Pacific. 


To learn more, check out this article here.


As our investors already know, wave energy will play an important part in the future of renewable energy. Harnessing the power of the ocean has the potential to open up tremendous possibilities across industries. 


Thank you for joining us on our journey to make that happen. 


To our followers who have yet to invest, it’s not too late! Click the invest now button today and join the movement for a wave-powered future. 


Warmly,

Balky Nair | President

Oscilla Power

The Triton C Is in Hawaii!

7 months ago


Oscilla Power Community, 


Big news! 


The Triton C has arrived safe and sound in Hawaii!


Over the next few days, members of the Oscilla Power team will be headed out to Oahu to finish preparing the system for deployment. The Triton C float will be lifted by crane into the water. From there, it will be towed to Honolulu Harbor where the reaction ring will be assembled and attached to the float to create the completed system. 


We can’t wait to show you final photos and videos of the Triton C fully assembled and generating clean energy in Kaneohe!   



Warmly,

Balky Nair | President

Oscilla Power

Record Growth in Renewable Energy Projects

7 months ago

Oscilla Power Community,


Our investors already know that now is the perfect time to invest in renewable energy. It will come as no surprise to you that 2021 has seen renewable energy projects reaching exciting new heights. 


According to a new report released by the American Clean Power Association (ACP), the pace of renewable energy project installations is on the rise. In the first six months of 2021, the US added 9,915 MW of onshore and offshore wind, battery storage, and utility-scale solar power generation capacity. This represents a 17% increase from the same period in 2020. 


ACP also recently reported that $39 billion in investments backed a record 26,000 MW of new clean energy projects last year. In fact, renewable energy accounted for 78% of all new U.S. generation last year, despite the COVID-19 pandemic. 


Learn more about the rise of renewable energy here


While these installations are mainly wind and solar power, ocean wave energy is expected to play an essential role in the future of renewable energy. Complementary renewable resources to wind and solar power are needed to realize scenarios where almost all of the electricity in the world is produced from renewable energy. Ocean wave energy is a massive global resource, and it is a natural complement to solar from a seasonal and daily standpoint  in many parts of the world. In fact, the total theoretical wave energy potential is nearly twice the global electricity supply. 


To all our investors - thank you for supporting us on our mission to build a truly sustainable future based on renewable energy with our groundbreaking wave energy technology. 


For our followers still considering investment, now is the time! We don’t want you to miss this opportunity to invest in a revolutionary technology in a fast-growing field. 


Warmly,

Balky Nair | President

Oscilla Power

Oscilla Power Sends The Triton C to Hawaii!

7 months ago


Dear Oscilla Power Community, 


The Triton C is officially on route to Oahu, Hawaii! 


An Aloha Marine Lines barge with the Triton C will take two weeks to transit from Seattle to Hawaii so we are anticipating our arrival date to be on October 14th or 15th. 



Once it arrives, we will splash the Triton C’s float into the water (with a crane!) and tow it to Honolulu Harbor where the reaction ring will be assembled and attached to the float to create the completed system. 



We will then wait for an appropriate weather window to tow the Triton C around the island to the northeast shore where it will be installed at the wave energy test site (WETS) which is run by the Hawaii Natural Energy Institute (HNEI) and the US Navy. 


We look forward to sending you more updates once the Triton C arrives and is deployed!



Warmly,

Balky Nair | President

Oscilla Power

Government Regulations and Private Initiatives Unite in the Push For Clean Energy

8 months ago



Oscilla Power’s technology is part of a much larger push across government and private sectors to embrace renewable energy. 


Following the recent evolution of the climate crisis, policymakers and private companies are getting behind the transition towards clean energy. 


Here are some of the ways in which this is happening:



Read more about these initiatives here


At Oscilla Power, we are prepared to ride this wave of renewable energy. There has never been a better time to invest in clean energy technology. 


To all our investors, thank you for your support as we provide a new approach with our patented technology to this massive movement toward a cleaner future built on renewable energy. 


To our followers still considering investment, today is the day! As private and government forces come together to support renewable energy, we hope you will join us as we develop our pivotal wave energy technology. 


Invest in Oscilla Power today for a cleaner future tomorrow.



Warmly,

Balky Nair | President

Oscilla Power

Oscilla Power Completes The Triton C!

8 months ago


Dear Oscilla Power Community,


After a decade of research and development, it’s with immense excitement that I announce we’ve officially completed our first commercial scale system - the Triton C! 


It’s a historic day for us, as the Triton C’s completion is the result of innovation, collaboration between so many players to help us realize our concept. 


We’ve successfully completed functional testing and have put our revolutionary new wave energy system on a barge to Kaneohe, Hawaii! 


Read the full press release here. 




Once received, the Triton C will be deployed offshore to the Marine Corps base and will be rated for 100 kW and will provide clean, renewable power to isolated coastal communities, straight from the waves of the Pacific Ocean. 


This will be our first demonstration of the Triton technology, and we can’t wait to share the results with you and the Department of Energy. 



Systems like the Triton C, are critical to unlocking the potential of the growing blue economy, which is why we look forward to launching our more systems in the future like the Triton, which will be a larger, 1 MW rated device that can provide utility-scale power. 


Investors, we can’t thank you enough for your immense support to help us cross this huge milestone. As a business you’ve helped us expedite this process, and we can’t wait to see what else comes to fruition as a result of our collaboration. 


Thanks to YOU, the Triton C completion and all our future endeavors are an impressive reflection of your willingness to support clean energy innovation. You can continue to support our mission and vision by reinvesting in Oscilla Power on StartEngine, following us on social media (links below), and simply spreading the word to your community. 


To achieving future accomplishments together, 

Balky Nair | President

Oscilla Power

Notice of Funds Disbursement

8 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Oscilla Power has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Oscilla Power be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

250 Investors and Counting!

8 months ago



We are thrilled to announce that Oscilla Power’s crowdfunding community has grown to over 250 investors. To all of our investors that helped get us this far, welcome to the team! 


When you invest in Oscilla Power, you are investing in the future of the planet through patented, tested technology that has the potential to change the way we power the world. 


To those of our followers who are still considering investment, now is the time. Join us today in this unique opportunity, before it’s too late. 


Visit our campaign page and click the Invest Now button today!


And once again, to our community of investors, thank you for making our vision for the future of wave energy possible. 


Warmly,

Balky Nair | President

Oscilla Power

Oscilla Power Receives new DOE Award!

8 months ago


Dear Oscilla Community, 


Oscilla Power has received a new $1.15 Million award from the US Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) for advancing wave-energy based recharging capability for autonomous underwater vehicles. 


We’re excited to receive a huge vote of confidence by the DOE/EERE, as we continue to develop innovative technology to harness the significant, untapped potential of our oceans. 


Read the entire article here. 


Warmly,

Balky Nair | President

Oscilla Power

Oscilla Power Raises $100K on StartEngine!

9 months ago


We are proud to announce that we have hit an important milestone in our crowdfunding journey: $100K raised on StartEngine!


Thank you to all our investors for your support and belief in our mission. Together, we will capture the massive potential power of the ocean to build a more sustainable future. 


Some of you might be followers of our campaign who haven’t yet invested in Oscilla Power. Our campaign is far from over! Now is the perfect time to join our team as we prepare to demonstrate our prototype’s ability to harness wave power. 


Invest today!


And once again, to our investors - thank you for your support. We are thrilled to have you on board. 


Warmly,

Balky Nair | President

Oscilla Power


Oscilla Power Update: 2020 Science Report Claims (WECs) Have Minimal Impact on Marine Life

9 months ago


The recently published 2020 State of Science Report states Wave Energy Converters (WECs) will cause minimal impact to the environment. 


Read the entire report here. 


While we don’t completely know yet the full extent of the potential impact of our current energy alternative, we do know that harnessing marine energy will have a tremendous effect on global climate crisis efforts as well as ocean health. 


The potential benefits are amazing, and can actually have a positive impact on the environment long-term.


We hope that as more become aware of our mission and the significant impact our technology will have on the environment, they will begin to take a more active stand towards sustainable, earth friendly solutions. 


Ocean Energy is changing the world. 


Join us as an impact investor today.


Warmly,

Balky Nair | President

Oscilla Power

Update from Oscilla Power: The Triton-C Drivetrains Are Installed!

9 months ago


Hello Oscilla Power Community, 


We’re excited to announce we’ve made major progress on the Triton-C. 


All three drivetrains have now been received and installed!!


The drivetrains are a crucial component to the Triton-C as they are the parts that help create energy from the waves. There are a total of three tendons with one going to each drivetrain. As the Triton-C moves, those tendons move within them, which capture and harness wave energy. 


This is a BIG milestone for us, and we look forward to sending you more Triton-C progress updates soon!


Warmly,

Balky Nair | President

Oscilla Power

Oscilla Power Receives New DoE Award to Develop Wave Power Platforms For Ocean Monitoring

9 months ago


We are proud to announce the receipt of a new grant from the US Department of Energy!


There are currently over 8,000 ocean monitoring platforms deployed world-wide, yet the global oceanographic monitoring system market is still considered to be in its infancy. Existing buoys and sensor platforms either utilize solar panels or disposable batteries, both of which need regular servicing visits. By harnessing energy from ocean waves, these servicing visits can be reduced to near zero, along with the associated waste and carbon emissions.


We’re excited to receive the SBIR grant to develop a wave energy powered platform for ocean sensing and monitoring systems. This award will help to develop technology that enables offshore instrumentation payloads to be powered by renewable energy from the surrounding ocean waves.


Join our momentum and invest in Oscilla Power today! 

 

Read more about the latest developments at https://www.oscillapower.com/post/seattle-company-developing-wave-powered-marine-platform-for-ocean-science-applications 



Warmly,

Balky Nair | President

Oscilla Power

Oscilla’s Top 5 Locations for Wave Energy

9 months ago

The oceans are the world’s largest untapped source of renewable energy, but assessing the optimal locations for Wave Energy Converters is important to ensure maximum efficiency and lowest cost electric power. In our recent investor article, we take a deep dive into the top 5 countries ripe for Oscilla’s technology. 


Oscilla’s Top 5 Locations for Wave Energy: 


  1. Australia: In combination, excellent geography and electricity prices make Western Australia one of the top locations for commercial wave energy farms.

  2. Europe’s West Coast: In France, Norway, and Denmark, the Atlantic Ocean has impressive waves and also meets all the essential criteria.

  3. India: A region where the electricity demand is growing rapidly in the next ten years, expected to double by 2040.

  4. The Canadian and US West Coast: Northern CA, Oregon, Washington, British Columbia, and Alaska will benefit from the adoption of wave energy, with waves as strong as 35 to 40 kwm.

  5. Island Nations: Include energy economies with high electricity prices, with high wave energy resources that meet our criteria. 


[Read More]


Oscilla’s technology is at the edge of wave energy innovation!  Our Triton Wave Energy Converter (WEC) can become a viable competitor in the energy market with our cost-effective, renewable energy solutions. 


Now is no greater a time to invest in the future of wave energy. Our investor community is evolving, and we would love to have you along on the journey.



Warmly,

Balky Nair | President

Oscilla Power

The Top 5 Reasons to Invest in Oscilla Power

9 months ago

Oscilla’s Triton is a globally viable solution that has the potential to disrupt fossil fuels and support renewable energy initiatives at new levels.  


Here’s why you should consider investing in our technology:


  1. Massive Market - The global wave energy market is expected to grow to over $21 billion by 2027 (Fior Markets).

  2. Great Technology - High annual energy production, reasonable capital costs, and reliable manufacturing that keep costs low.

  3. Experienced Management Team - Founders have extensive experience in cleantech, renewables, and commercializing early-stage technology.

  4. Great Execution Plan - Our strategy of keeping long-term execution costs in mind helps us design a system right from the front end.

  5. Potential For High Valuation - Successful renewable energy companies tend to have sales to value multiples of 1.5 - 2.5x



With a growing demand for more electricity and more clean energy, the Triton is perfectly positioned to make a huge positive impact that benefits our planet and return on investment. 


We’re revolutionizing renewable energy! Our raise on StartEngine is your opportunity to get involved in the renewable energy movement for a cleaner, greener, planet. 



Warmly,

Balky Nair | President

Oscilla Power

Oscilla Explains How the Triton Works 🌊

9 months ago


Oscilla plans to deliver the 100kW Triton-C system to Hawaii and the Triton in Inida. 


Here is a breakdown of our process and the necessary steps for installation of the Triton Wave Energy Converter (WEC), along with many key features of the operating system that positions Oscilla to capture the $4 billion wave energy market. 


Triton Installation:


  • The Triton is towed to site.

  • Moorings are connected to the Triton.

  • The reaction ring is lowered using onboard drivetrains.

  • Electrical cable is connected and the system can begin generating power.





Triton System Operating:


  • The Triton is 10m long by 7.5m wide and can produce 100k of power.

  • Interior space for two engineers.

  • Power is produced in three drivetrains.

  • A hydraulic system provides constant torque so the float moves with the waves (this drives a generator to produce electricity).

  • Underwater cable connects the system to shore, providing clean power for coastal communities/facilities.


We believe the Triton Wave Energy Converter  is the next industry standard in the ocean wave energy industry.



Warmly,

Balky Nair | President

Oscilla Power

Oscilla Featured in Offshore Energy!

10 months ago


Oscilla Power has been featured in Offshore Energy, highlighting our crowdfunding campaign on StartEngine, and our mission to support wave energy projects in India. Read the article here. 


Offshore Energy dives into our future vision for Oscilla, our Triton Wave Energy Converter (WEC), and our hopes to supply India with new power plants to meet the demands of a growing economy. 


We’re delighted by the momentum and eagerness we’ve seen behind our crowdfunding raise and our goal to harness the potential of wave energy!


We look forward to sharing more updates soon!


Warmly,

Balky Nair | President

Oscilla Power

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