Ocean Electric Inc. received notification on March 24, 2014, that its application for international patent PCT/ES2013/070911 will be processed. The patent, titled 'Power Plant for the Generation of Electrical Energy from Waves,' protects the company's core innovation: a low-cost, floating platform that converts wave action directly into electricity. This patented technology represents a major clean energy opportunity, decreasing the cost of owning and deploying wave-generated electricity plants and making the ocean a more practical source of renewable electricity.

The patent examination was conducted by the Spanish Patent and Trademark Office. Its examiner found Ocean Electric's claims to represent new, inventive approaches when compared against existing patents in wave-generated electricity. The Ocean Electric wave plant is composed of floaters that move up and down with passing waves.

Once attached to a framework, the floaters are ganged together to drive generators. Ocean Electric uses a platform cage configured for 16 floaters, but frameworks can be customized. Installations are easily scalable from a single wave platform to 50 MW wave farms. Plants can be deployed both near the shore and in seas with a depth greater than 40 meters, putting them well out of visual range.