Besides other challenges like liability improvement and infrastructure development, bringing the lifetime cost of energy down through reduction of both device CAPEX per MWh and OPEX per MWh are the key challenges for this type of energy.
While the wind industry has agreed on the design of wind turbines , there is no (standard) solution available for turning wave energy into usable electricity.
The main reason is that the industry has just started its development of devices. Most wave-energy companies are less than a decade old, some much younger, and wind energy have been in development for decades.
Delivering power to the grid has yet not been established however developers are getting close to this point.
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