Despite the capital intensity and very early stage nature of business, Wave power received a huge in 2008 according to Cleantech Group . The sector has been dominated more corporate’s while UK’s, Ireland’s and French Atlantic coastline boasts some of the most powerful wave streams globally. The big challenge is to make a device that will survive and produce power at reasonably cost. Carbon Trust estimates that wave energy costs 25 pence per kWh compared to wind 12 pence per kWh and coal/gas five pence per kWh. Technically, grid connection and energy transport are the first barriers to overcome as wave power plants are usually located a far from high population density.