This is an important step, said Patrik Moller, CEO and one of the founders of Corpower Ocean. With the certification, wave energy is no longer just a promising technology, but a proven and financially viable one. This opens up new opportunities for project financing, insurance, and investments in commercial applications. The Corpower C4 wave power plant looks like a normal buoy: It consists of a 19-meter-long floating body with a diameter of 9 meters and a weight of approximately 11 tons. The system is anchored to the seabed. A mechanism inside the buoy converts its up-and-down movements in the waves into a rotary motion. This, in turn, drives a generator that produces electricity. The report notes that the company is "planning the first two industrial-scale wave energy farms off the coasts of Portugal and Scotland," which are scheduled to begin operating sometime between 2027 and 2029.
Read more of this story at Slashdot.

