$CWGYF New today from FreeThink: "What Is the Future of Wave Energy?" freethink.com/articles/wave... "After decades of stop-and-go efforts, the Federal Energy Regulatory Commission has finally approved a new testing site off the coast of Oregon — the first commercial-scale, utility grid-connected test site for wave energy." "Oregon State University is developing a test site called PacWave South. It is seven miles from the coast and consists of two square miles of open ocean, where developers can conduct large-scale testing." "There, up to 20 wave energy converters will be bobbing up and down in the ocean, anchored to the seafloor, and connected to underground cables carrying electricity to a shore facility" "The challenge is to figure out how the machines transform the energy from low-speed ocean waves into the high-speed action needed for generators." "The global market for wave and tidal energy was estimated at $542.8 million last year and is projected to reach $5.1 billion by 2027"