Brussels, 09/11/2011 (Agence Europe) - On Wednesday 9 November, the European Commission authorised aid of 139 million Swedish kronor (around €15 million), which Sweden is planning to grant to Seabased Industry AB to build a wave energy production demonstration plant. The idea of producing energy from sea waves has been in development for some years, but has still not reached the commercial stage. In its decision, the Commission notes that the public funds allocated to the project are...