Resolute Marine Energy, Inc. Resolute Marine Energy, Inc. (RME) is an early-stage, Massachusetts-based wave energy technology company. The company's activities are centered on:  - Technology development and licensing  - Market assessment  - Strategic partnership development  - Competitive analysis  - Financial analysis & strategic transactions Since 2006, Resolute has been working with its advisors and partners to build a strong business in the wave energy industry and has achieved many milestones which are detailed below in the "News Updates" section. Thank you for visiting us. Stay tuned for further updates and if you're interested in learning more about what we do or in joining our team, please contact co-founder Bill Staby at (617) 600-3050 or by email at wstaby@resolute-marine-energy.com. Resolute Marine Energy, Inc. 126 Summer Street Watertown, MA 02472 tel: 617.600.3050 Resolute Marine Energy, Inc. UMASS Dartmouth ATMC Fall River, MA 02723 tel: 617.600.3050 News Updates May 28, 2009 - Resolute Marine Energy, Inc. awarded DOE Phase I SBIR grant The U.S. Department of Energy today announced that it has awarded Resolute Marine Energy, Inc. a Phase I SBIR grant to design and build an innovative system for optimizing the performance of large-scale arrays of wave energy converters. "This project will present us with tremendous technical challenges however, if we persevere, we'll be able to deploy wave energy converters that produce large quantities of electricity at competitive cost" said Bill Staby, RME's CEO. RME is a pioneer in the development and deployment of innovative solutions for producing power at sea. The company is initially focusing on building wave energy conversion (WEC) systems focused on specific commercial and government applications.. March 16, 2009 - RME CEO Bill Staby an invited panelist at the Global Marine Renewable Energy Conference (GMREC) RME CEO Bill Staby will be a featured panelist discussing "Early Stage Financing" at the Global Maine Renewable Energy Conference which will be held on April 15th and 16th at the Carnegie Institution for Science in Washington, D.C. For more information about GMREC, visit the conference website at http://www.globalmarinerenewable.com/. February 5, 2009 - RME-sponsored "WaveWater" team a winner in the MIT $100k Entrepreneurship Competition (www.mit100k.org/) Today it was announced that an RME-sponsored team of post-graduate and graduate students from MIT and Harvard won first prize in the Development track of the Executive Summary Contest portion of the 2009 MIT $100k Entrepreneurship Competition. RME co-founder Bill Staby said, "Besides winning $2,000 in prize money, we're really pleased because it indicates that others recognize the potential positive impact this enterprise can have on the global water crisis." The new business idea, initially named "WaveWater," is investigating the feasibility of using wave energy to manufacture fresh water using seawater reverse-osmosis (SWRO) desalination units. Initial target markets would be near-shore communities with severe water shortages and a near-by energetic wave resource. The next step for the WaveWater team is to enter its completed business plan in the Business Plan Contest portion of the Competition. January 12, 2009 - RME commences prototype tests Today RME commenced sea-based preparations for the deployment of an innovative wave energy converter (WEC) in the Gulf of Maine two miles east of the northern tip of Plum Island in Newburyport, MA. The WEC deployment will cap six months of research and development supported by a Phase I Small Business Innovation Research (SBIR) grant from the National Oceanic and Atmospheric Administration (NOAA). The goal of the project is to demonstrate the feasibility of the WEC for a specific application - producing compressed air for use in offshore fish farming. The project leader is Ocean Farm Technologies. Inc. (OFT), a company based in Searsmont, ME that manufactures aquaculture systems for open-ocean fish farming. Partnering with OFT and RME on the project is Massachusetts Institute of Technology (MIT) in Cambridge, MA. The WEC design is an adaptation of systems being developed by RME for various offshore power applications. Normally, such systems are designed to generate electricity, so the air compressor feature of this project is unique. "These are exactly the kind of offshore power solution challenges we want to tackle" RME co-founder Bill Staby said. "To be successful, the burgeoning offshore aquaculture industry needs to automate routine tasks including cage positioning and feeding, and that requires a continuous power supply." "For a variety of reasons including environmental impact and safety, we think wave power is an ideal way to accomplish that and, by their support, others believe that may be true too." December 4, 2008 - Resolute Marine Energy makes a technical presentation at the University of Rhode Island - Ocean Engineering Department (www.oce.uri.edu/) Resolute Technical Advisor Dr. Reza Alam made a presentation to graduate students in URI's Ocean Engineering Department. The topic of Mr. Alam's presentation was "The Effects of Bottom Topography on Surface Waves." Resolute CEO Bill Staby commented, "It's very important for us to interact with local institutions of higher learning." "The ocean renewable energy sector is going to need a lot of talented people in the coming years and this is an effective way for us to raise awareness and interest within an exclusive audience." November 11, 2008 - Resolute to compete in the MIT $100k Competition (www.mit100k.org) Resolute has recruited a team of talented graduate students from MIT and Harvard to prepare and present a business plan which will focus on using ocean resources to produce fresh water for communities in developing countries. Resolute CEO Bill Staby said "we've long had the suspicion that using wave power and seawater to produce fresh water may equal both a good business opportunity and a means for people who struggle daily to obtain an adequate supply of clean fresh water to achieve significant improvements in their health and welfare." "Even if we don't win the $100k competition, we'll press forward to find financial and strategic partners who share our vision and are willing to help us initiate a pilot project." "Given the global water crisis which doesn't show any signs of improvement, this is another potentially large opportunity for Resolute to pursue." November 6, 2008 - Southern New England Entrepreneurs Forum (SNEEF) holds event at the UMASS Dartmouth ATMC - "BUILDING A MARINE TECHNOLOGY BUSINESS ON THE SOUTHCOAST" SNEEF (www.sneef.umassd.edu) held its November 6th meeting at the ATMC in Fall River and the focus was on the marine technology sector. Alf Carroll of Raytheon Company lead a lively and wide-ranging panel discussion among several marine technology experts and audience members included a "who's who" of regional marine technology companies e.g. Lockheed Martin, Naval Undersea Warfare Center (NUWC) and Woods Hole Oceanographic Institute (WHOI). Resolute CEO Bill Staby was part of the sell-out crowd and commented, "there's a huge concentration of ocean sciences and ocean engineering talent in the Southcoast region and to see this level of turn-out can only mean that we're not the only ones who see the merits of locating here." October 31, 2008 - U.S. Department of Interior's Minerals Management Service awards Resolute tank testing time at OHMSETT National Oil Spill Response Test Tank Facility Pursuant to a request for proposals under a FY 2009 Broad Agency Announcement (BAA) under the Technology Assessment and Research (TA&R) Program, Resolute was awarded tank testing time to test wave energy converter prototypes at the Ohmsett National Oil Spill Response Test Tank Facility in Leonardo, NJ (www.ohmsett.com). Resolute CEO Bill Staby commented, "we're extremely grateful to the MMS for awarding us this valuable tank testing time and we look forward to working together with the MMS in 2009 to develop a strong knowledge base around using wave tanks to fairly evaluate various wave energy converter designs." October 29, 2008 - Resolute participates in EPRI workshop "R&D needs for Waterpower Development" The workshop was funded by the U.S. Department of Energy and was held at the headquarters of the Federal Energy Regulatory Commission (FERC) in Washington, DC. Resolute CEO Bill Staby commented, "The best part about this workshop was that stakeholders representing a broad cross section of public and private interests gathered to express their opinions about where the marine renewable energy industry needs to focus R&D spending to be most assured of success. Even if there is disagreement, the simple fact that people are in a problem-solving mode and are listening carefully to different views is productive. What was also very re-assuring about the meeting was that the Department of Energy representatives were paying very close attention to what was being said." October 6, 2008 - Resolute participates in planning and kick-off of the Marine Renewable Energy Consortium (MREC) Fall River, MA - The Marine Renewable Energy Consortium (www.mrec.umassd.edu) held its inaugural event at the UMASS Dartmouth Advanced Technology and Manufacturing Center (ATMC). The day-long meeting, the "Ocean Energy for New England Conference", attracted attendees from industry, government and academia and featured speakers included representatives of the New and Renewable Energy Centre (NaREC) from Newcastle, England (www.narec.co.uk/home.php) and the SuperGen Marine Consortium of Edinburgh, Scotland (www.supergen-marine.org.uk/news.php). MREC seeks to develop a network of technology developers and energy users who will collectively define the needs of the nascent marine renewable energy industry and work to bring together the required technology, capital, infrastructure, and human resources to implement ocean based renewable energy in the most sustainable manner for the region. July 31, 2008 - Resolute presents at the 11th Annual Congressional Renewable Energy + Energy Efficiency Expo on Capitol Hill Resolute, in conjunction with the UMASS Dartmouth ATMC and Ocean Renewable Power Company, shared a booth at this exposition which provides Senators, Representatives and Senate and House Energy and Environmental Policy Legislative Assistants with direct access to companies and organizations involved in the RE + EE industry. Resolute CEO William Staby said, "Sean O'Neill of the Ocean Renewable Energy Coalition (OREC) felt it important that our industry have a strong presence at this event which, frankly, is an efficient way to gain access to the people responsible for funding the Department of Energy and other federal agencies that provide research and development support for our industry." "I'm pleased that several other marine renewable energy companies were present as well including Verdant Power and Ocean Power Technologies, Inc." July 17, 2008 - Resolute presents to the New England Clean Energy Council Fellows CEO William Staby made a presentation about Resolute to the first NECEC Fellows class and commented, "the NECEC Fellows program is, in my opinion, an incredibly effective way to build renewable energy companies in the United States." "The idea of attracting a group of successful entrepreneurs who come from other industries like software, networking equipment and medical devices and providing them with exposure to the special challenges of starting a 'cleantech' enterprise is incredibly creative and powerful" Staby said. "There are dozens of renewable energy start-ups in New England who can benefit from an infusion of such talented people who know what it takes to manage a successful launch." "As far as I know, there is nothing else like the NECEC Fellows program anywhere." For further information see: http://www.necec.org/~cleanen2/about/programs/fellowship/team July 11, 2008 - Environmental Business Council holds 3rd Annual Ocean Management Conference - "Managing Ocean Resources with Innovative Technologies" where the Massachusetts Oceans Act of 2008 was a key topic of discussion. CEO William Staby attended this conference held at the Battelle Memorial Institute in Duxbury, MA and had the following comments: "We applaud the Commonwealth of Massachusetts for passing the Massachusetts Ocean Act of 2008, the nation’s first state-level initiative to create a comprehensive ocean management plan." "I think Leon Panetta, co-chairman of the Joint Ocean Commission Initiative (JOCI) had it exactly right when he said …today there are hundreds of competing uses for coastal areas, from transportation to energy to fishing to recreation. For the first time, this legislation provides for a comprehensive approach to managing these uses to protect coastal waters for generations to come. It is truly landmark legislation for the nation." At the conference, Deerin Babb-Brott, the Commonwealth’s newly appointed Asst. Secretary for Oceans and Coastal Zone Management, outlined the opportunities and challenges the Oceans Act creates and noted that he has a strict deadline, exactly one year to draft a comprehensive ocean management plan. Staby also said, "one positive outcome of this legislation we hope to see is the coordination of many ocean-related policies and activities that had previously been managed separately." "The marine renewable energy sector would benefit greatly if other states and the federal government would follow Massachusetts' lead." For further information see: http://www.jointoceancommission.org/ and http://www.mass.gov/czm/oceanmanagement/oceans_act/index.htm June 19, 2008 - U.S. Department of Energy Wind and Hydropower Technologies Program awards Resolute a Collaborate Research and Development Agreement (CRADA) with the National Renewable Energy Laboratory. CEO Bill Staby commented "we are pleased that the Department of Energy recognized the merit of our cooperative research proposal and we are looking forward to working with NREL on tackling a topic of fundamental importance to the establishment of a strong knowledge base for our industry." May 23, 2008 - Resolute wins sub-contractor role in a NOAA Phase I research grant award On May 22nd RME was notified that the Phase I research grant proposal it had submitted along with partners Ocean Farm Technologies, Inc. (Principal Investigator) and the MIT Offshore Aquaculture Engineering Center (OAEC) will be funded. The topic of the research proposal is "Wave Energy Conversion to Power Offshore Aquaculture." "We're very pleased to be playing a role in this feasibility study which partners us with two leaders in the transition of the finfish aquaculture industry from near-shore to offshore locations" RME CEO William Staby said. "Having a reliable source of continuous power at sea is an enabling factor for this burgeoning industry which will help satisfy global demand for fish proteins and give severely depleted fishing grounds an opportunity to recover." May 13 - 15, 2008 IEC/TC-114 meetings in Ottawa RME CEO William Staby described the first IEC/TC-114 international standards committee meetings as a "good start." "The U.S. delegation (of which RME is a member) had the largest number of representatives at this first TC-114 plenary session which was a good strategy." "We had the most diverse group of stakeholders and, since many of us were first-time participants, knowledge of the rules and protocols are widely distributed." "This is going to be an interesting, long-term effort that is critical to the orderly evolution of our industry to broad market acceptance." April 17 - 18, 2008 Resolute Marine Energy participates in the Global Marine Renewable Energy Conference ("GMREC") in New York RME CEO William Staby attended GMREC and had these comments. "This was, by far, the most informative and, therefore, productive conference on marine renewable energy I've attended in the two years I’ve been involved in the industry." "Hats off to the conference organizers, the Foundation for Ocean Renewables, and all the sponsors who stepped up to create a true "center of gravity" around which the global industry can exchange views and organize efforts." "I'd recommend that everyone interested in the field of marine renewable energy plan to attend next year's GMREC." http://www.globalmarinerenewable.com/index.html. April 11, 2008 - Resolute Marine Energy is exhibits at the MIT Energy Showcase Resolute Marine Energy was the sole representative of the marine renewable energy industry at the MIT Energy Showcase which took place in Cambridge, MA as part of the two-day MIT Energy Conference. Resolute Marine Energy CEO William Staby said "we were literally pinned down at the back of our booth there was so much interest on the part of event-goers." "It’s pretty clear that MRE is finally starting to get the recognition it deserves." http://www.mitenergyconference.com/. April 8, 2008 - Resolute Marine Energy tapped to add marine renewable energy focus to OceanTech Expo '08 OceanTech Expo '08 (October 1-3, 2008 in Providence, RI) will provide participating ocean technology and marine science companies an international forum to connect with and educate key decision makers, increase brand awareness and build meaningful relationships with professionals. The event is also designed to allow attendees from state and federal government agencies, academic institutions, oil & gas companies and offshore service contractors a convenient, one-stop venue to identify, learn about and acquire the latest technology and equipment available. RME CEO William Staby commented "Building broader awareness and interest within the ocean sciences community about the marine renewable energy sector will forge connections that might otherwise have taken longer to make." "This will be both fun and productive." http://www.oceantechexpo.com/. April 1, 2008 - Resolute Marine Energy becomes a member of the Marine and Oceanographic Technology Network (MOTN) The Marine and Oceanographic Technology Network is a US-based professional business association committed to expanding the business opportunities of its members by building marketing presence, advocating local and regional economic development related to the development of new products for the marine and oceanographic product industry, and enhancing member business practices. http://www.motn.org/. March 31, 2008 - Resolute Marine Energy CEO William Staby joins the CEO Council of the New England Clean Energy Council (NECEC) The New England Clean Energy Council's mission is to accelerate New England's clean energy economy to global leadership by building an active community of stakeholders and a world-class cluster of clean energy companies. The Council represents a diverse set of stakeholders, including industry associations, area utilities, local universities, labor and large commercial end-users. The Council's ranks also include 30 CEOs of the region's leading clean energy companies, representatives from most of the State's top 10 law firms, and partners from over a dozen of the top New England venture capital firms (with a total of over $8 billion under management). http://www.cleanenergycouncil.org/. March 5, 2008 - Resolute Marine Energy CEO William Staby delivers presentation on marine renewable energy at the New England Energy and Commerce Association (NECA) Renewables Conference in Westborough, MA http://www.necanews.org/dev/documents/080305staby_william_2.pdf. February 28, 2008 - Resolute Marine Energy joins U.S. delegation to the IEC standards development committee for wave and tidal devices The International Electrotechnical Commission (IEC) has created a new technical committee (TC) to address the ever increasing demand for alternative renewable resources. IEC TC-114, Marine Energy - Wave and Tidal Energy Converters, is comprised of industry experts who will develop international standards for wave and tidal energy technology. http://www.ansi.org/news_publications/news_story.aspx?menuid=7&articleid=1520 February 15, 2008 - Resolute Marine Energy featured in Mass High Tech http://masshightech.bizjournals.com/masshightech/stories/2008/02/18/story11.html. January 16, 2008 - Resolute CEO delivers presentation entitled "Making Waves: Harnessing the Ocean's Power," at Cape Cod Community College Today Resolute Marine Energy, Inc. CEO Bill Staby delivered a presentation entitled "Making Waves: Harnessing the Ocean's Power," to approximately 40 concerned Cape Cod residents who gathered at Cape Cod Community College to participate in CIRECs EPRI-funded project to study energy options for the Cape and Islands region. "I'm so impressed by the high level of knowledge seminar participants exhibited about wave energy" Staby said. He continued by saying "this is really grass-roots community activism at its best." "Many seminar participants were members of their local energy advisory committee and were attending because they wanted to find out how to get involved in renewable energy somehow." "The wave climate off of certain portions of the Cape coastline can make a meaningful contribution to the area's clean energy needs without all the controversy over disrupted view sheds" Staby said. The Cape Cod Times published an article that appeared on its front page on January 17th. A link to the article follows: http://capecodonline.com/apps/pbcs.dll/article?AID=/20080117/NEWS/801170331. December 19, 2007 - Resolute CEO addresses scientists at the Woods Hole Oceanographic Institute Today Resolute Marine Energy, Inc. CEO Bill Staby delivered a presentation entitled "What's Next for Wave Energy" to approximately 25 scientists and engineers from WHOI's Applied Ocean Physics & Engineering (AOPE) Department. A copy of the presentation is available by sending an email request to Bill at wstaby@resolute-marine-energy.com. November 15, 2007 - Resolute participates in CIREC technical conference Resolute Marine Energy, Inc. CEO Bill Staby represented the marine renewable energy sector in the "Cape & Islands Energy Technology Strategy Workshop" held at the Woods Hole Research Center in Falmouth, Massachusetts. This invitation-only workshop served as the kickoff meeting for a project, "Renewable Generation & Electrification: Technology Strategy for the Carbon-Constrained Future," recently funded by the Electric Power Research Institute (EPRI). EPRI is a worldwide leader in the research, development, demonstration, and deployment (RDD&D) of advanced electricity technologies. This new project supports an ongoing "Beyond Cape Wind" community planning process, initiated in 2005 through Cape & Islands Renewable Energy Collaborative (CIREC), that encompasses the electricity, transportation, and heating fuel sectors working together to implement the Cape & Islands Regional Energy Action Plan, which provides a framework for pursuing ambitious goals for energy conservation, efficiency, and renewables within the context of shared objectives relating to economic growth, environmental quality, community well-being, climate change, and sustainable development. November 9, 2007 - Resolute presents at Cambridge Energy Research Associates (CERA) Resolute Marine Energy, Inc. CEO Bill Staby today made an informal presentation to members of the Cambridge, MA office of CERA on current developments in marine renewable energy. CERA delivers critical knowledge and independent analysis on energy markets, geopolitics, industry trends, and strategy and is a leading advisor to international energy companies, governments, financial institutions, and technology providers. CERA's services help decision makers anticipate the energy future and formulate timely, successful plans in the face of rapid changes and uncertainty.