"Bizarrely, Carnegie Wave Energy is not even a British firm,...

"Bizarrely, Carnegie Wave Energy is not even a British firm, they are Australian but as the CEO, Michael Ottaviano, is quoted by the Financial Times as saying, Australia is blessed with an embarrassment of energy resources “so there has not been strong incentives for new technology.”

The U.K., and indeed Europe as a whole, is not so fortunate and, driven by a commitment to decarbonize the region, it’s willing to back new technologies if they show sufficient promise. In total, Wave Hub’s Hayle project will cost some $72 million (£60m) and should, all being well, start delivering power the national grid within two years."

http://www.investing.com/analysis/wave-power-attracts-hard-cash-in-the-uk-200164092

http://www.piratefm.co.uk/news/late...nwalls-first-wave-farm-boosted-by-eu-funding/