Your thread has intrigued me, QQ. There was an experimental project a few years back in Portland Oregon, and researchers tried to get it off the ground, but they built a 260 ton buoy that would turn the movement of the ocean into electricity to power 100 homes. The cost at that point was around $8 million. 100 homes at $8 million investment? (and $60 million was still needed to continue the project)
So, the company (Ocean Power Technologies) ended up abandoning the project, entirely. It was sad to read about this, as they were very close to getting the buoy in the water, but...big dreams like this take money, and when the alternatives are much cheaper, it's easy to see why this idea was scrapped. But, the future is bright with innovations like this, for sure. Keep dreamin'
(I'd say that OPT is a pioneer in this arena, and I'm not sure if they've successfully started another project and received proper funding, yet. Check out that company for more info)