EuropewaveTo further elaborate, it's now grants worth 7 million...

Europewave
To further elaborate, it's now grants worth 7 million Euros; They are obtaining grants from the US, Spain and Europe, widening their sources
By memory, it is planned to be in the water in late 2024.
There is discussions with a US utility partner.

Moorpower
The demonstration plant has been in the ocean for two months.
Partnership with Huon is imminent.

Garden Island
issues resolved should be making a revenue that, while not ever going to be a company maker, will push the cash runway out much further

Wave predictor being refined with Moorppower. Wave tensioner being run through stress tests. Unique Concrete moorings being developed
All of these are positive.
WIth a company like this one thing can be a major setback. The three major revenue-generating arms all began at high risk. I'd contended that their chances of succeeding have moved to medium risk.
The timeline for knowing about answers is in the near term.

So medium risk, near term with a moderate upside. IMO