Lignum Vitae North America LLC will donate bearings to any of the 20 teams advancing to the next phase in the Wave Energy Prize Challenge sponsored by the U.S. Department of Energy’s Water Power Program.
"We look forward to seeing each team’s innovative and forward-thinking contributions to the growth of commercial wave energy technology, and the clean energy sector as a whole,” said Bob Shortridge, Lignum Vitae president.
Against a backdrop of recent lawsuits and new regulations restricting the use of oil in proximity to water, teams will benefit both structurally and environmentally by using Lignum Vitae as the bearing component, the company says.
In the past five years, more than 200 hydropower plants in North America have converted to Lignum Vitae bearings, according to a press release.
After verifying requests and addressing any questions, Lignum Vitae will provide bearing stock to the individual teams so they can custom mill their bearing designs.