Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZ marine energy industry to link with US state

22 March 2012

NZ marine energy industry to link with US state

The New Zealand marine energy industry is to link up with its counterpart in the US state of Oregon.

The Oregon Wave Energy Trust (OWET) – with members from fishing and environmental groups, industry and government – is a non profit public-private partnership funded by the Oregon Innovation Council in 2007.

It aims to make Oregon the ‘North America leader’ in marine energy.

OWET’s goal is to have ocean wave energy producing 500 megawatts of power by 2025 – enough to power about 200,000 homes in the state.

The Aotearoa Wave and Tidal Energy Association (AWATEA) has been working steadily over the last year with OWET to establish a formal affiliate relationship between the two organisations.

The relationship will provide reciprocal membership and other benefits for members of each organisation, as if they were members of both. OWET’s mission is to support the responsible development of wave energy in Oregon. OWET emphasises a collaborative model to maintain the State’s competitive advantage and maximize the economic development potential of this emerging industry.

AWATEA’s mission is broadly similar: “to promote, aid and foster a vibrant and viable marine energy industry in New Zealand”.

Both organisations are internationally known for their work to promote marine energy on opposite sides of the Pacific. Now they will be able to co-operate on the development of marine energy in the Pacific, including collaborative work on R & D, industry development, supply chain growth, information exchange and advocacy to governments, NGOs, other national and international bodies.

The Affiliate relationship is the first step to establish this collaborative work. Like OWET, AWATEA is seeking similar collaborative relationships with marine energy industry trade associations in countries where marine energy technology developments are beginning to advance.

Further Information:;


© Scoop Media

Business Headlines | Sci-Tech Headlines


REINZ May Data: House Price Rises Continue; Auckland Hits New Record Median Price Again

Median prices for residential property across New Zealand increased by 32.3% from $620,000 in May 2020 to $820,000 in May 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand... More>>

Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>

E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>

Auction: 1.4 Million In Rare Vintage Watches, Gems, Jewels & Diamonds Go Under The Hammer At Webb’s

An auction event showcasing over 1.4 Million dollars in rare jewels, gems, diamonds and vintage watches is due to take place this Sunday by Auckland based auction house Webb’s... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>