I think you are being a bit harsh.1. That is a fair conspiracy...

I think you are being a bit harsh.
1. That is a fair conspiracy theory. By that logic the 35 companies are all crap, all wasting money. The Europewave commission is all made up and not ethical. I think being ranked one by an independant process has commercial viability. There would be few wave energy process which have been as thorough as this and carnegie was ranked one. It also has won a number of grants. The money isn't awarded for nothing.
2. Agree validation does not mean anything. They need to release figures for both units about how much energy is released.
3. The system has (pre-damage) generated significant income. If (and it is a big if) it can be back generating income like it was, it will come close to covering the costs of running the business. The grants will pay for CETO development and hopefully Moorpower will have a commercial agreement soon with Huon.
4. The wave predictor which they are developing with HP labs (a significant and serious partner) while admittedly not commercialised has numerous potential uses. The tensioner and mooring products have potential uses in many areas.
5. Blue Economy is basically research. But it is through this that the relationship with fish farmers was developed.