CalWave Power Technologies Inc.

About CalWave Power Technologies Inc.

CalWave Power Technologies Inc., founded in 2014 by Marcus Lehmann, Nigel Kojimoto, Thomas Boerner, and Mark Seaman, is a company focused on harnessing the renewable power of ocean waves to produce electricity and freshwater.

The company is developing a proprietary wave energy converter (WEC) technology, known as the xWave. This system operates submerged, allowing it to survive stormy seas and causing no visual pollution. The xWave is designed to be a cost-effective and reliable solution for generating clean energy. The technology is based on a patent from UC Berkeley, where the founding team initiated their research.

Marcus Lehmann, the CEO, has a background in systems engineering and energy systems, which has been instrumental in guiding the company's technological development and strategic partnerships. The company has achieved significant milestones, including the successful commissioning of California's first in-sea, long-duration demonstration of a fully submerged wave energy system in 2021. CalWave has also been selected as a technology provider for a wave energy project in British Columbia and has received support from the US Department of Energy.

The company's business model revolves around the development and deployment of its xWave technology for various applications, including utility-scale power generation and powering coastal communities and offshore facilities. CalWave serves clients in the energy sector, including utilities and independent power producers, and operates in the growing marine renewable energy market.