Oscilla Power Revenue and Competitors

Oscilla Power, Inc. (OPI) is developing advanced technology to harness electricity from ocean waves. Oscilla Power is a privately held company based in Seattle, WA. The Oscilla Power Triton Wave Energy Converter (WEC) enables low cost, survivable and high reliability conversion of ocean waves into grid-scale, utility-grade power. The Triton architecture is a two-body point absorber with a surface floating hull and a submerged reaction structure. Waves acting on the surface impart relative motion which can be extracted through a proprietary hybrid hydraulic-electric drivetrain. Oscilla's technology has been validated externally through a number of independent sources including the US department of energy (Wave Energy Prize) and the European Marine Energy Center (EMEC). This validation is emphasized by the fact that Oscilla Power has received more than $20M in competitive grant funding to progress the technology development, supported by private equity and matching funds from the state of Washington.