Department of Energy May 4, 2015 – Federal Register Recent Federal Regulation Documents

The U.S. Department of Energy (DOE) gives notice of the availability of the Wave Energy Prize and of DOE's responses to public comments on the draft Prize Rules and Prize Terms and Conditions. The prize is designed to achieve game-changing performance enhancements to wave energy conversion (WEC) devices, establishing a pathway to sweeping cost reductions on a commercial scale. The prize consists of three phasesdesign, build, and test and evaluation. Prize purses to the winner(s): Grand Prize ($1,500,000), 2nd Place Finisher ($500,000), and 3rd Place Finisher ($250,000).