The Oregon Wave Energy Trust (OWET) has released details on an industry matching grant program designed specifically for wave energy projects in the US state of Oregon. The program offers two funding possibilities - commercial scale project development grants and feasibility study grants.

In total, $500,000 is available for the OWET matching grant program, with $300,000 designated for commercial scale projects and up to $200,000 designated for feasibility studies.

The solicitation process is now open and closes 30 April 2011, or when all funds have been committed. For more information about Oregon Wave Energy Trust (OWET), please visit