Office of Energy Efficiency and Renewable Energy March 13, 2015 – Federal Register Recent Federal Regulation Documents

The U.S. Department of Energy (DOE) gives notice of the availability of the draft Wave Energy Prize competition Rules and Terms and Conditions and requests public comment on the Rules and 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).