Patents, page-7

From the CWE website:

"The EDF Group is one of the largest power companies in the world and is majority owned by the French Government. It operates over 150,000 MW of installed capacity across a generation portfolio that includes nuclear, coal, gas, solar, and onshore wind, offshore wind and tidal energy. EDF is the first licencee of the CETO technology. Prior to the signing of this agreement, EDF EN undertook extensive due diligence that included wave tank testing of a CETO unit at the University of Nantes in France."

http://carnegiewave.com/faq/

EDF EN being a French Government owned company, should ensure that EU funding for joint ventures with CWE should be a mere formality IMHO.