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Indeed, ocean energy is "probably the last of the large natural resources not yet investigated for producing electricity in the United States," according to a report from the nonprofit Electric Power Research Institute.

While the technology is still in its infancy, the report predicts ocean energy could be among the most environmentally benign generation methods yet developed.

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wave power could supply Europe with 2,000 terawatt hours of clean electricity per year. That is about half the electricity used in Western Europe or the United States each year.

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Technology developed in the UK is to be used as part of a revolutionary renewable energy project in Portugal.

The scheme, which will generate clean electricity for more than 1,000 family homes in its first phase, marks the latest step in the country's moves to become a leader in developing renewable energy sources.

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