New Ocean Technology for Australia

On September 4, 2003, Macroshaft Pty. Ltd. issued this press release on a wave-powered plant that operates in the open ocean. According to the press release,

The company's new power plant operates in the open ocean and forms part of a new technology that extracts electrical power from wave motion.
After harnessing the power, transmission from the open sea to land takes place in High Voltage Direct Current (HVDC) sub-sea cables. On land, the HVDC cables terminate in converter stations, which perform the role of "pollution- free power stations". This power source is particularly well suited for the West Coast and for the Asiatic economies along the Pacific Rim.

So, ocean energy continues on yet another continent - and still no operating projects in the United States.