Oregon Wave Energy Trust (OWET) is a nonprofit, public-private partnership helping to responsibly develop marine renewable energy by connecting stakeholders, supporting research and development, and engaging in public outreach and policy work. With 300 miles of coastline characterized by powerful waves and steady winds, a robust electrical transmission system close to coastal communities, transportation and port infrastructure, experienced and established manufacturing and supply chain, supportive policies and leading research institutions, Oregon is uniquely positioned to be North America’s leader in marine renewable energy. With the growing need for new clean sources of energy and sustainable family-wage jobs, OWET’s goal is to responsibly develop the marine renewable energy industry and maximize its benefits for the environment and economy. OWET is funded in part with Oregon State Lottery Funds administered by the Oregon Business Development Department. It is one of six Oregon Innovation Council initiatives supporting innovation and long-term economic growth.