The Ocean Energy Institute is transferring all it assets to the University of Maine’s AEWC Advanced Structures and Composites Center.

The Rockland institute was founded by Matthew Simmons in 2007 to create a think tank to promote various forms of ocean energy. He died unexpectedly in August.

The institute’s assets, including Simmons’ library, a donation from the family and gifts from friends and colleagues will be transferred to the center, which is home to the university’s deep sea offshore wind research and development.

The university is also setting a fund in Simmons’ name to promote ocean energy.

The Ocean Energy Institute itself will cease operations on Jan. 31.