AquaGen is developing a 3rd generation wave energy technology called SurgeDrive®, which harnesses the energy of ocean waves to produce electricity or desalinated water at a cost more commonly associated with wind and solar power.The worlds oceans represent a vast, untapped energy source, ready to be harnessed with the right technology. By minimising equipment in the water, SurgeDrive® is set to become the first wave technology to break into the market at a commercially viable price per kwhr.