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Company	CalWave
Short Description	Developer of technology that harnesses the renewable power of ocean waves to produce electricity and freshwater
Status	Private
Year Founded	2014
Industry Group	energy & power
Sector	hydro & marine
TRL Range	4-6
Country	United States
Nbr Employees	1-10
Revenue Range	Pre-revenue
Total Equity Capital Raised	$0
Last Stage Capital Raised	Series A 2023
Investors	Sustainable Ocean Alliance, Ocean Solutions Accelerator, US Department of Energy (DOE), Cyclotron Road, Third Derivative

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CalWave

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Short description

Developer of technology that harnesses the renewable power of ocean waves to produce electricity and freshwater

Founded in 2014

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Company type Private Public ()

Company type

Industry Group energy & power

Sector hydro & marine

TRL Range 4-6

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

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Headquarters San Francisco, CA San Francisco, United States

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Updated by Marcus Lehmann at CalWave Power Technologies Inc on 12/07/2018

Edited by Cleantech Group on 08/08/2023

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6 financing events

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03/26/2024	Mowachaht/Muchalaht First Nation (MMFN) Mowachaht/Muchalaht First Nation (MMFN) Calwave selected as technology provider for a wave energy project at Yuquot, British Columbia (BC) with the Mowachaht/Muchalaht First Nation (MMFN). View source Confirmed by Mowachaht/Muchalaht First Nation (MMFN)	Technology Partner	Delete

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01/24/2023	Third Derivative Third Derivative (1) Post-money valuation of Part of Third Derivative’s (D3) 15 impactful startups to join the new Cohort 23-1. (source)	Series A		Delete

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Developer of technology that harnesses the renewable power of ocean waves to produce electricity and freshwater

IPO INFORMATION

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Initial shares

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Exchange listed

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Description

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