The document summarizes information about ocean wave energy, including:
1) It outlines different wave energy conversion systems such as oscillating water columns (OWCs) and overtopping, discussing their components and efficiencies.
2) OWCs can be improved by optimizing damping to reduce power losses and larger, deeper installations can lower costs by increasing available energy and reducing capital expenditures.
3) Costs for various renewable technologies like wave, solar, wind and biomass are compared, showing wave energy's high density but current higher costs than other options.
4) Costs for wave energy are projected to decline to €0.03-0.04/kWh by 2050 through