Resolute Marine Energy

RME Successfully Concludes Ocean Tests in North Carolina

oceberio — Thu, 15 Dec 2011 15:13:44 +0000

RME today announced that it had successfully completed ocean trials of a wave energy converter prototype that it is developing pursuant to a Phase II SBIR grant from the U.S. Department of Energy (DOE). The prototype is a near-shore, surge-type wave energy converter (WEC) that is mounted on the seafloor just outside the surf zone and captures energy from waves that pass overhead. In addition to funding from DOE, RME received valuable support from the University of North Carolina Coastal Studies Institute (UNC-CSI) and the North Carolina Aquariums Society which owns and operates the Jennette’s Pier facility where testing took place. RME Senior Engineer Cliff Goudey said, “These tests were our first foray into the ocean after many years of hard work developing computer models and conducting numerous tests in wave tanks.” “We learned a lot about the behavior of our WEC in real-world conditions and now we’ll move on to the next design iteration and ocean trials in what we hope will be a pre-commercial context.” RME CEO Bill Staby added; “This is a landmark event for both RME and the U.S. MHK industry.” “We’re really starting to prove beyond a doubt that marine hydrokinetic (MHK) technologies can be a significant contributor to global energy needs in the near future.”

RME CEO Elected Chairman of U.S. Standards Committee

oceberio — Tue, 06 Dec 2011 15:12:40 +0000

RME CEO Bill Staby was today elected Chairman of the U.S. delegation to the International Electrotechnical Commission (IEC) TC-114 standards development committee. As Chairman of the U.S. delegation, Bill will be managing eight project teams that are developing technical standards applied to the marine hydrokinetics (MHK) industry in areas including device performance assessment, resource measurement/characterization, design integrity and operational safety. “The development of standards is critical to the advancement of the MHK industry,” Mr. Staby said. “Without them, MHK project developers, insurers and financiers cannot readily evaluate various risks or rely upon third party certifications.” Bill continued; “I’m honored to have been selected by my peers to lead the U.S. Technical Advisory Group (TAG).” “My goals are to increase the number of U.S. experts serving on our project teams, improve communication and collaboration among team members and effectively represent U.S. interests in international proceedings.”

RME Top Finalist of the 2011 Global Ideas competition

oceberio — Wed, 16 Nov 2011 23:27:48 +0000

Resolute Marine Energy was selected as one of six finalists in the 2011 Cleantech Open Global Ideas competition. The Global Ideas competition is a hunt for the most promising clean technology ideas anywhere in the world and seeks to find and reward companies and management teams with “big ideas” for solving some of the most critical environmental and economic issues of our day. One national winner from each country was chosen to compete against the winners from other countries at the global finals in San Jose, California. This year, more than 1,000 applications were submitted from companies and entrepreneurs in over 50 countries around the world. Management teams from 23 countries were selected to travel and present at the Cleantech Open Global Forum and, of those, six were named finalists in the competition to win the $100,000 grand prize.. "We were very proud to be chosen to represent the United States and we were very impressed by the quality of the other contestants" said RME COO Olivier Ceberio. "Even though we didn’t win, being chosen as a top finalist in this extremely competitive international competition is a huge endorsement of our business vision and management team.”

RME winner of the 2011 MassChallenge business plan competition

oceberio — Fri, 21 Oct 2011 07:26:55 +0000

Resolute Marine Energy was announced to be one of the 26 winning startups in the 2011 MassChallenge Startup Competition and Accelerator. The second annual $1M competition launched on March 7 and attracted 733 applications from 24 countries and 34 states. The 125 highest-impact, highest-potential startups were invited as competition finalists to participate in a 3-month accelerator providing intensive mentoring and access to free resources including office space, legal support and targeted introductions to customers and funding sources.

Bert Jacobs, Founder and Chief Executive Optimist of Life is good gave a rousing keynote to a packed crowd at the Awards Ceremony. Bert said he had "three goals in speaking with this group of young pioneers. First, to have a few laughs. Second, to emphasize the important role of optimism in their work. And lastly, to encourage them to include strong social missions which will help to build their businesses and add deeper purpose to their lives."

"The entrepreneurial ecosystem in Massachusett is one of the strongest in the country," said Olivier Ceberio, COO, "and winning this competition is a huge endorsement of our business vision and of our capacity to execute our roadmap. To paraphrase Mr. Jacobs, it is easy for us to keep optimistic when we are focusing on the incredible social mission to provide water where it is needed. We are very proud of being part of MassChallenge and grateful to the incredible accelerator program the MassChallenge team has put up”.

MassChallenge is an non-profit organization that aims to launch the world’s largest startup competition, solely motivated to support and strengthen entrepreneurs.

RME CEO a Panelist at the “Juice 3.0” Conference

oceberio — Tue, 18 Oct 2011 19:34:46 +0000

On Saturday November 5th, RME CEO Bill Staby will participate in a panel discussion at the “Juice 3.0” conference at the Camden Opera House in Camden, ME. The panel will tackle the topic “Risking Energy Revolution: Sustainable Energy and Innovation Funding” with the goal of inspiring conference attendees to make a personal commitment to help solve the challenges facing our planet. “This is the second Juice Conference I’ve attended,” Staby said. “To me, it’s a terrific example of how to harness the creative “juices” of local and regional communities through dialog.” “The Juice conferences have the gravity of TED, but with an added dash of diversity, camaraderie and beauty that is unique to the Maine seacoast experience.”

The Juice Conference (www.juiceconference.org) connects leaders of the creative economy to foster growth and prosperity. Weaving together the arts, technology, and entrepreneurship, Juice inspires innovation by bringing talented people together from widely different backgrounds to build on Maine’s traditions. Juice is a forum where attendees can learn, exchange ideas, share success stories and provide input to shape the development of strategies for Maine’s future.

RME attends the Alaska Energy Authority Rural Energy Conference

oceberio — Mon, 03 Oct 2011 16:30:28 +0000

RME attended the 7th annual Rural Energy Conference which is sponsored by the Alaska Energy Authority and was held in the capital city of Juneau on September 26-29, 2011. RME CEO Bill Staby remarked “I was really shocked by the challenges facing Alaska’s rural communities when it comes to energy costs.” “Many of these communities are 100% dependent upon diesel generators for heat and power and, due to high fuel costs, are paying the equivalent of more than $0.60/kWh.” “We think that, for certain of these communities, wave power can significantly lower energy costs and thereby help stem the flow of out-migration which is so threatening to their viability."

RME wins R&D Grant from the Department of Interior

oceberio — Mon, 19 Sep 2011 16:29:50 +0000

The U.S. Department of Interior – Bureau of Reclamation, has awarded a research & development grant to RME to develop a critical subsystem that will enable wave energy converters to cost-effectively power seawater reverse osmosis desalination systems. RME COO and project Principal Investigator Olivier Ceberio said, “this grant, along with funding from private capital sources, will allow us to finish development of our wave-driven desalination system and thus start providing relief for the millions of people worldwide who lack access to adequate supplies of clean fresh water.” “We wish to thank all our federal funding partners, but especially the Department of Energy and the Department of Interior, for sharing our vision of how technology can contribute to a more healthy, peaceful and productive world.”

U.S. Commerce Department selects RME to Participate in South African Trade Mission

oceberio — Mon, 05 Sep 2011 16:28:59 +0000

The U.S. Commerce Department has selected RME to participate in a trade mission to South Africa which will take place September 19 – 23, 2011. The planned itinerary includes meetings with governmental officials in Johannesburg and Capetown as well as interviews with potential customers and commercial partners. RME COO Olivier Ceberio commented, “it’s a great honor for RME to be selected because the Commerce Department is committed to bringing the best and brightest commercial opportunities the United States has to offer to its global trading partners.” “We think South Africa has great potential as a launch market for our wave-driven desalination systems and are really looking forward to working there.”

RME to present at the 2011 IEEE Global Humanitarian Technology Conference

oceberio — Fri, 02 Sep 2011 20:15:32 +0000

RME Engineer Eshwan Ramudu will present a technical paper entitled “Ocean wave energy-driven desalination systems for off-grid coastal communities in developing countries” at the IEEE Global Humanitarian Technology Conference which will take place in Seattle, WA from October 30 – November 1st. The 2011 event is the first annual conference where scientists, engineers, technology professionals, academics, foundations, government and non-government organizations, and individuals will gather to engage in discussions and develop solutions for present and future humanitarian needs. More information about the conference can be found at www.ieeeghtc.org.

RME Closes Seed Financing Round

oceberio — Thu, 30 Jun 2011 14:12:26 +0000

Boston, MA – Resolute Marine Energy, Inc. (RME) has closed its Seed financing round. Proceeds from the financing will be used to drive RME’s product development and intellectual property development activities. The round was led by several Boston-area family trusts with the participation of private individuals. RME CEO Bill Staby commented; “These funds will leverage the federal R&D grants we’ve been receiving and will allow us to move more quickly toward our goal of commercialization in 2013.” “We are committed both to building shareholder value and to creating and sustaining an enterprise our shareholders are proud to be part of.”