I think to say that there isn't the slightest shred of evidence...

I think to say that there isn't the slightest shred of evidence is a little disingenuous. They just beat out 35 companies and other wave energy providers to be the leading product in this tender process. I think that what we really need is the scientific data to be released. As far as I can tell the only real competitor is calwave and they are a legitimate threat to being the first.
What I get angry the most about this company is the mismanagement under MO. the money wasted and the time focussed on other things has set this company back. Imagine if they had of been disciplined and been able to deliver on the Albany wave farm how far advanced they would be. They are pretty much doing the same thing in spain as they would have done in albany.