Oscilla Power

Unlocking the potential of ocean wave energy

Oscilla Power

Unlocking the potential of ocean wave energy

SEATTLE, WA
Electronics
Diversity Ownership
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.

$169,527

raised
$855,377
previously crowdfunded
322
Investors
$20M
Valuation
$2.03
Price per Share
$148.19
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3M
Offering Max
Reg CF
Offering

$169,527

raised
$855,377
previously crowdfunded
322
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
$552,679.00 USD
$396,648.00 USD
Cash And Cash Equivalents
$242,385.00 USD
$145,279.00 USD
Accounts Receivable
$152,252.00 USD
$85,167.00 USD
Short Term Debt
$546,893.00 USD
$831,186.00 USD
Long Term Debt
$1,192,039.00 USD
$671,894.00 USD
Revenues And Sales
$19,317.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$88,077.00 USD
-$86,485.00 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

The Triton C Is in Hawaii!

6 hours 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

3 days 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!

6 days 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

11 days 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!

13 days 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

15 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

250 Investors and Counting!

17 days 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!

25 days 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!

about 1 month 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

about 1 month 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!

about 2 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

about 2 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

about 2 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

2 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 🌊

2 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!

2 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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