Ann: EMC Local Energy and Microgrids Conference-CWE.AX, page-4

Before CWE/EMC alliance, solar was a competitor to CWE wave energy, now it is complementary WRT coastal microgrid integration, access to more projects for EMC & a hedge for CWE (as you mentioned Mega, still no regular income from WE).
Agree on EMC exposure to more grants via CWE expertise.
Maybe EMC microgrid integration becomes a larger part of CWE's income & eventually, business?
Either way the alliance could mean that CWE may be viewed as a competitor by some utilities that previously may have viewed CWE as an upstream supplier. (like Apple opening up shops next door to JBHiFi who also sell Apple products)