I previously argued that wave power would, if anywhere, be commercialised first in Ireland — because our waves are second to none (in the populated world) — but that there is no reason to assume that it would be an Irish company that does the commercialisation.
Indeed, Ocean Power Technologies of Pennington, New Jersey, has kindly offered to accept the generous subsidies for wave power offered by the Irish government (see Irish Times).
As is customary these days, OPT promised to create “ten of thousands” of jobs. The jobs are in construction and therefore temporary.
OPT also called for a streamlined approval process.