CalWave Analysis: $13M Raised
What is CalWave?
CalWave develops and deploys proprietary wave energy converter technology that converts ocean wave energy into electricity. The technology survives extreme weather and storm conditions. It has achieved 99% uptime in a historic California pilot project. The company partners with government agencies and research institutions to advance wave energy deployment.
Location
Oakland, United States
Employees
11-50
Founded
2014
Funding Status
Series A
Product Features & Capabilities
- xWave Series wave energy converters
- Field-tested in California and British Columbia
Use Cases
Power coastal communities with reliable, local energy; Deploy in storm-prone coastal regions; Provide clean energy during nighttime and winter months
Other Considerations
Successfully completed historic wave energy pilot in California with 99% uptime; Selected as technology provider for wave energy project in British Columbia; California enacts landmark wave energy legislation; Partners with US Department of Energy and UC Berkeley; Featured in Forbes, The Economist, and Reuters
See something that needs updating? Suggest edits to this profile.