US Looking at Wave Power

We've posted a number of items on the development of wave power in Great Britain, but this is the first news I remember seeing about wave power possibilities in the US. Tim Willard at The Future is Green notes:

With proper siting wave energy is believed to be one of the most environmentally benign ways to generate electricity. Second, offshore wave energy may face much less local objection since wave energy conversion devices often have a very low profile and are located far enough away from the shore that they are generally not visible. Third, wave energy is more predictable and consistent than solar and wind energy, offering a better possibility of being dispatchable by an electrical grid systems operator and possibly earning a capacity payment. And it may be one of the lowest cost renewable energy sources [because of] its high power density.

I'm intrigued...