The Oregon Wave Energy Trust (OWET) has received the first part of its $4.2 million budget approved by the 2007 state legislature, and is moving ahead with plans and activities to make Oregon a global leader in the industry. The group has received $1 million from the Oregon Innovation Council.

"The state's investment is aimed at addressing the challenges facing the industry, which include education and outreach, understanding potential environmental effects, responding to existing use conflicts, research and development, and state-wide planning." --Justin Klure, Acting Director, OWET