About Us

Major Milestones

Major MilestonesNeptune Wave Power has been developing its ground-breaking wave energy conversion technology since 2007. Today, this technology is a reality. The road traveled has been challenging, but the dedication and commitment of our people have allowed us to get where we are today. These key milestones have paved the way.

Jul 2012 - Model 3.1 deployed at University of New Hampshire's CORE facility off the coast of New Hampshire

May 2012 - Oregon Wave Energy Trust (OWET) awards second grant to Neptune Wave Power

Mar 2012 - Model 3.0 scheduled at University of New Hampshire's CORE facility off the coast of New Hampshire

Feb 2012 - Design and fabrication of Model 3.1 begins

Jan 2012 - First fully-functional wave energy conversion device (Model 3.0) is deployed and tested at Lake Texoma

Sep 2011 - Standard Controls becomes Neptune's strategic controls partner

Aug 2011 - Completed visits the University of New Hampshire's Center for Ocean Renewable Center (CORE) and the Southwest Marine Energy Park in Cornwall, England

Jun 2011 - Neptune selects AC Horn for the fabrication of Model 3.0

Mar 2011 - Testing of Model 2.0 is completed at the National Marine Renewabale Energy Center at Oregon State University

Feb 2011 - Oregon Wave Energy Trust (OWET) awards research grant to Neptune Wave Power

Jan 2011 - Terry Waldron is appointed to the company's board of directors

Dec 2010 - Neptune Wave Power signs licensing agreement with SAIC

Oct 2010 - Neptune Wave Power sponsors the Caribbean Renewable Energy Forum 2010

Sep 2010 - Scott Albury named President of Neptune Wave Power Caribbean

Aug 2010 - Fourth US patent is finalized and filed

Jul 2010 - Initial grid deployment sites (2) in the Caribbean are selected

Jun 2010 - Rene Larrave named Chief Executive Office of Neptune Wave Power

Jun 2010 - Eddie Mayfield named President of Neptune Wave Power

Jun 2010 - Neptune Wave Power completes $2.8M Series A Funding

Jun 2010 - Seadyne Energy Systems transfers all patents to Neptune Wave Power

May 2010 - Neptune Wave Power presents to the Texas Emerging Technology Fund in Austin

May 2010 - US Patent 7,737,569 titled "System and Method for Converting Ocean Wave Energy
                    into Electricity" granted
 
May 2010 - Grand Bahama Power (GB Power) signs letter of intent to deploy Seadyne's wave energy
                   conversion technology in Grand Bahama Island
 
Jan 2010 - Waldron Engineering and Graeber and Associates acquire interest in Neptune Wave Power
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Dec 2009 - US Patent 7,629,704 titled "Method and Apparatus for Converting Ocean Wave Energy
                   into Electricity" granted
 
Nov 2009 - WRB Enterprises signs letter of intent to deploy Seadyne's wave energy conversion technology
                   in Grenada and The Turks and Caicos Islands
 
Oct 2009 - Seadyne Energy Systems creates Neptune Wave Power for the further development and
                  commercialization of its technology

Jul 2009 - Waldron Engineering selected as engineering partner

Feb 2009 - Eddie Mayfield named Chief Operating Officer of Seadyne Energy Systems
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Nov 2008 - US Patent 7,453,165 titled "Method and Apparatus for Converting Ocean Wave Energy into
                   Electricity" granted

Jul 2008 - Third patent filed

Jan 2008 - Second patent filed
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Aug 2007 - First prototype 1/5 scale model tested in Galveston, Texas
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Oct 2006 - First patent filed

Oct 2006 - Seadyne Energy Systems founded to pursue innovation and research in ocean wave hydrokinetic conversion technologies