The Federal Energy Regulatory Commission issued the first hydrokinetic energy project permit to Finavera Renewables Ocean Energy Ltd. for a 1MW project off the coast of Washington that will employ aquabouys to generate electricity.
It appears that the jurisdictional dispute described in an earlier post has been resolved. This blog entry contains a link to a statement on wave energy by the Surfrider Foundation.
If done in a mindful manner, wave energy can produce electricity in a much cleaner manner than fossil fuels. I know the proper way to harness wave energy though: