Yael Pipano

Google Patent Taps Ocean's Power

too bad Pelamis is not listed, company right here in Pennington, New Jersey is one I recommend that has many patents, trading at $7.28/shr:
ticker OPTT (see
below) utilizing the ocean waves for energy:

BUSINESS SUMMARY
Ocean Power Technologies, Inc. engages in the development and commercialization of proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. The company's product portfolio includes utility PowerBuoy system, which is designed to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations. Its customers include public utilities, independent power producers, and other governmental entities and agencies.
The company markets and sells its products in the United States and internationally. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Pennington, New Jersey.

Ocean Power Technologies (OPT) is a leading renewable energy company specializing in cost-effective, advanced, and environmentally sound offshore wave power technology. The electrical power generated by OPT's technology is key to meeting the energy needs of utilities, independent power producers and the public sector.

OPT's PowerBuoyR system extracts the natural energy in ocean waves, and is based on the integration of patented technologies in hydrodynamics, electronics, energy conversion and computer control systems. The PowerBuoy is a "smart" system capable of responding to differing wave conditions.

The result is a leading edge, ocean-tested, proprietary system which generates reliable, clean, and environmentally-benefi... electricity.

OPT was founded by Dr. George W. Taylor and the late Dr. Joseph R. Burns and began commercial operations in 1994. OPT focuses on its proprietary PowerBuoyR technology, which captures wave energy using large floating buoys anchored to the sea bed and converts the energy into electricity using innovative power take-off systems.