CalWave Inc. develops wave energy conversion systems that transform ocean-wave motion into electricity, and its core product is the xWave™ wave energy converter, which the company says operates fully submerged offshore. The company says its systems are intended for coastal communities, islands, microgrids, and grid-connected local power applications, and it also describes freshwater production as a potential use case. CalWave traces its origin to UC Berkeley and says it was founded there in 2014; Marcus Lehmann is identified in public materials as co-founder and CEO. The company has said its technology earned recognition in the U.S. Department of Energy’s Wave Energy Prize, and it announced a $7.5 million DOE award in 2022 to further develop xWave for local energy grids and microgrids. Publicly available materials in the provided sources do not consistently verify a headquarters city or additional offices.