The Oregon Wave Energy Trust (OWET) is a nonprofit public-private partnership funded by the Oregon Innovation Council. Its mission is to support the responsible development of wave energy in Oregon.  Through its Research and Development Matching Grant program for wave energy projects off the Oregon coast, OWET provided a matching grant of $315,000 to the award from the US Department of Energy for this program.  In addition to providing funding, OWET is working with the NWEI to ensure that the project is aligned with the State’s initiatives to advance wave energy development in Oregon.