An experimental, 826 ton Wave Powered Buoy, will have a generating capacity of 1.25 MW. Placing 1000s of them in the Ocean, would create 1,000s of MW of power, on par with Nuclear Power Plants.

Vigor to build wave energy converter for Hawaii test | WorkBoat

Portland, Ore.-based Vigor will build the 125'x59′ wave energy converter OE Buoy for Ocean Energy Group, Cobh, Ireland, and its subsidiary, Ocean Energy USA. With a 31′ draft, OE Buoy will be deployed at the U.S. Navy's Hawaii Wave Energy Test Site (WETS) on the windward coast of the Hawaiian Island of Oahu in the fall.

From article, (The 826-ton OE Buoy has a potential rated capacity of up to 1.25 MW in electrical power production. Each deployed commercial device could reduce CO2 emissions by over 3,600 tons annually, which for a utility-scale wave farm of 100 MW could amount to over 180,000 tons of CO2 a year. It is estimated that a 100-MW wave farm could power up to 18,750 U.S. homes.

Portland, Ore.-based Vigor will build the 125’x59′ wave energy converter OE Buoy for Ocean Energy Group, Cobh, Ireland, and its subsidiary, Ocean Energy USA

With a 31′ draft, OE Buoy will be deployed at the U.S. Navy’s Hawaii Wave Energy Test Site (WETS) on the windward coast of the Hawaiian Island of Oahu in the fall. The contract value is $6.5 million out of a total project value of $12 million for this first of a kind grid scale project at WETS.

Ocean Energy is the trading name of New Wave Technologies Ltd., part of a specialized commercial group of companies that are developing wave energy technology. The developing technology has been extensively tested and is now at a stage where it is one of the most commercially viable technologies for harnessing the power of the oceans. The device, through careful development, has the advantages of a robust and practical design, one moving part and proven survivability having withstood over three years of live sea trials in Atlantic waves at the Irish Wave Energy Test site in Galway Bay. To date, no other wave energy system can claim success in this area to a similar or greater extent, the company said. 

The $12 million project is partly funded by the U.S. Department of Energy’s office of Energy Efficiency and Renewable Energy (EERE) and the Sustainable Energy Authority of Ireland (SEAI), under an agreement committing the U.S. and Irish governments to collaborating on marine hydrokinetic technologies.)

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Me, "An experimental, 826 ton Wave Powered Buoy, will have a generating capacity of 1.25 MW. Placing 1000s of them in the Ocean, would create 1,000s of MW, on par with Nuclear Power Plants. The Ocean is a huge place. What is now zones for Offshore Wind power could have zones for Offshore Wave power, too."