The recently signed United States Energy Bill has numerous provisions and incentives of interest to renewable energy companies. Ocean Power Technologies, Inc (London Stock Exchange: AIM-OPT) reports that the bill also includes specific language related to financial incentives for wave energy. According to Dr. George W. Taylor, CEO of Ocean Power, the new bill is expected to bring in new business in addition to the wave energy contracts it already has in the United States, “We are delighted that our focused efforts over the last few years have paid off with the significant inclusion of wave power in the Energy Bill. OPT is already well positioned in the United States, having a contract to build a grid-connected wave power station for the US Navy in Hawaii and a contract with the New Jersey Board of Public Utilities to build a demonstration wave power system. We expect these new incentives of the US Government to result in additional business for OPT with US utilities and others.”