Should You Invest in an Entrant in the “$4 Billion Wave Energy Market?”

Well, let’s start with an easier question: Is there a $4 billion wave energy market? The answer: No.  Not now, not ever.

Why? Because the levelized cost of energy from wave energy is outrageously high, and it will never become competitive.

In terms of renewable energy, solar and wind have won, and everything else has lost.  That’s true today, and with each passing month, as solar and wind continue to scale, the challenge for newcomers becomes that much more daunting.

Another clue is that the offering here features an artist’s rendering (after decades of development).  Why not actual photography/video footage?  Because it doesn’t exist.