Development of the Wave Energy Converter -Wave Dragon

₂Over the years wave energy has gradually been brought into focus, as it has become clear that the fossil energy resources are limited, and cause large environmental problems, e.g. CO₂ pollution. On this background a number of different wave energy converters have been proposed. In Denmark the government have decided to appropriate 20 mill. DKK (approx. 2,7 mill. EUR) to the development of wave energy devices over two years, 1998-1999, and the European Community (EC) also supports the development through the JOULECRAFT program.