The currents thing we have in many places* -- e.g. tidal estuaries provide great sources of hydroelectric power. The advantage of doing it in estuaries (i.e. river mouths at the sea edge) are that is is not salty, and close to land. Hydro electric power is great and awesome, but I suspect at least, anything reasonably viable** has already been developed.
It's not wave power and it's not the things in the article.
FYI - I just read more about this in last weeks economist. I have no idea why it's even being talked about. It's been in dev since 1999, the current version just pumps water (to make fresh water through osmosis), but it's this
new version (CET6) that will actually generate any electricity. It will be put further out into the waves.
CET5 - the current
could produce power at US$0.30-40/kWh == R4.80/kWh... "could... if deployed at scale"
CET6 might get this down to US$0.20c/kwh == R2.40/kwh?
This is meant to compete with off-grid diesel; not any real power source.
(FYI off-grid diesel is best replaced with hybrid of solar + wind (in the right place) + battery + generator... like these 40,000+ bad-boys --
http://www.gsma.com/mobilefordevelopment/programmes/green-power-for-mobile/tracker )
*as a born Welshman, the Severn Estuary dam is one of all constantly on-again off-again kind of projects.
** The congo basin remains the hugest possible hydroelectric power project, unfortunately it is in one of the most war torn and politically unstable bits of the world... people are still trying though, after 50+ years of discussion.