This has been reported in dailymail.co.uk dated 7 November 2016.
Carnegie Wave Energy, an Australian company, has been granted £9,551,962 from the European Regional Development Fund to support the first phase of its planned commercial project at Wave Hub in Cornwall. The device is called 'Ceto 6', named after a sea goddess in Greek mythology. It is different from other wave energy devices because it operates from underwater and, hence, is safer from large storms and, also, invisible from the shore.
The device makes use of a large float submerged in the sea which rises and falls due to the wave motion - this movement drives a pump and a generator. Power is delivered back to shore through underwater cables to power desalination plants as well as for export into the grid. Three of the Ceto units are already operational in Australia.
In due course of time, wave power could become a viable alternative to wind energy.
Image courtesy wikimediacommons.org
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