The two companies will examine ways of enabling large-scale commercial production of Aquamarine's new wave energy device, known as Oyster.

BBC: Commercial hopes for wave energy

The project aims to create the world's first large scale wave energy farm by constructing a wave hub, or "socket", on the seabed.

BBC: NEWS | UK | England | Cornwall | New partner in wave power scheme

Eventually he believes wave power could supply 20% of the UK's energy needs, the same proportion currently supplied by nuclear.

BBC: Pelamis consists of four 40 metre steel tubes

As a minister, I welcomed the chance to deliver the parliament's first cut in business rates, to introduce enterprise education for every child and to kick start new wave and tidal projects to release Scotland's potential to be the renewable energy powerhouse of Europe.

BBC: Nicol Stephen resignation in full

Fed Chairman Ben Bernanke has come under increasing pressure to address inflationary concerns, as food and energy costs have gone up steadily in the U.S. (Read Firms Wave Red Flag Of Inflation).

FORBES: Global Food Price Stable In April Despite Supply Fears