Some competion for CWE off Perth - Trial for Island of Hanimaadhoo in the Maldives., page-8

Most of the high profile wave energy failures over the last few years have gone under (npi) despite being backed by major global companies. Some of these companies that come to mind were Lockheed Martin, Morgan Stanley, Woodside Petroleum and Utilico who threw their support behind the likes of Pelamis, Aquamarine Power, OPT, etc.

About as close as CWE got to having a major backer was through REH (now a basket case), or through EDF/DCNS (didn't that go well ?).

This is not to say that a global giant will not come along and swallow CWE some time in the future. As CWE slowly but surely gains traction, it's credibility and value will increase. It remains to be seen how long the major players will want to remain on the sidelines before they pounce.