OceanEnergy is a world leader in Innovative Renewable Energy within the wave energy industry. Wave technology is one of the most exciting areas of untapped energy potential and OceanEnergy has developed ground breaking technology to harness the power of the ocean. Given fluctuating fuel prices and the impact of global warming, OceanEnergy is now in a very strong position to commercialise the vast body of research and development it has invested in over the past 10 years. The sea is a limitless source of power and is a challenging environment, so in order to exploit wave energy commercially there are a number of key components required which the company is pro-actively developing.