About Atargis
Established in 2010 by a group of U.S. Air Force Academy (USAFA) researchers,
Atargis Energy has dedicated the last decade to innovating ocean wave
energy through a lift-based, real-time controlled device, distinguishing
it from the buoyancy and drag-based alternatives currently in development
by our competitors.
Get acquainted with the executive, development, and advisory teams
committed to introducing the CycWEC's grid-scale, baseload electricity
to the market, projected to achieve a competitive Levelized Cost of Electricity (LCoE) of $0.06/kWh.
Company Vision
With the CycWEC, Atargis hopes to empower a more sustainable future by providing baseload renewable electricity generation to communities all over the globe. We believe that ocean wave energy will accelerate and enable the transition to green electricity production worldwide.
Atargis Leadership
Dr. Stefan Siegel
Chief Technical Officer (CTO)
Stefan co-founded Atargis in 2010 and is the inventor of the CycWEC technology.
He has served as CTO and President of Atargis since Atargis was founded from his team’s prior USAFA research.
He holds a Ph.D. in aerospace engineering from the University of Arizona, having specialized in experimental fluid dynamics.
Michael Egan
Chief Executive Officer (CEO)
Michael has decades of C-level leadership experience across
industries that include upstream and downstream oil and gas, chemicals, utilities, and
power generation (nuclear and now wave energy). He has been chairman of the Atargis
board since April of 2022 and transitioned to the role of CEO in December of 2023.
Bill Hartman
Board Member
Bill has over two decades of experience as
CEO of a series of MedTech and defense technology startup companies,
enjoying several successful exits and more than one successful turnaround.
Bill joined Atargis as its CEO in August of 2020
and transitioned to role of board member in December 2023.
Atargis Development Team
Dr. Casey Fagley
Senior Controls Engineer:
Dr. Fagley, an aeronautical research engineer
at the US Air Force Academy, served as the senior controls engineer at Atargis
from 2011-2013, focusing on the development, design, and testing of the 1:10
CycWEC model. He later returned to Atargis part-time from 2019-2021 to develop the control
scheme for the upcoming 1:15 scale tank testing campaign.
Dr. Kedar Chitale
Senior CFD Engineer:
Dr. Chitale has over 12 years of experience developing
and applying computational methods to solve challenging physical problems. He began
working at Atargis in February of 2020 and worked on advancing the Atargis simulation
codes and programming embedded hardware for data acquisition until October of 2021.
Dr. Ali Mohtat
Senior Ocean Engineer
Specializing in wave tank testing during his Ph.D.
and postdoctoral work at Oregon State University, Dr. Mohtat joined Atargis in
February 2020 after completing his postdoctoral work. At Atargis he developed
a testing plan, negotiated contracts, and conducted structural and buoyancy
analyses for the 1:15 scale CycWEC tank testing until January of 2022.
Former Senior Advisory Team
Former Senior Advisory Team Members:
Vice Admiral Dennis McGinn, USN (Ret.):
Member of the board of directors at EPRI, Center for Climate
and Security Advisory Board, and IMCCS
Dr. Jeff Roberts:
Former Director of Advanced Energy Technologies at Lawrence Livermore Laboratories, board member
at the Center for Sustainable Energy
Dr. Bob Breidenthal:
Professor of Aeronautics and Astronautics and Adjunct Professor of Atmospheric Sciences at the University of Washington
Rob Oglesby:
Former Executive Director of the California Energy Commission
Atargis Development Timeline
How it Started
2010: Atargis was founded
2012: Wave tank testing at Texas A&M supported by NSF funding
2013-2019: Numerical validation, simulation and control algorithm development
[Technology Readiness Level (TRL) 4]
Where We Are Now
2019-2023: Department of Energy funded design and simulation work for 1:15 scale CycWEC tank tests
2024-2025: 1:15 scale CyCWEC tank testing campaign
[TRL 6]
Where We Are Headed
2025-2027: Open Ocean testing and certification of a 1.25MW CycWEC,
immediate commercial viability in micro-grid applications
[TRL 9]
2027 onward: Testing, certification, and deployment of 2.5MW wave energy converters in wave farm configurations.
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