There is a worldwide opportunity for clean renewable power. The results from the UK Government's "Marine Energy Challenge" showed that marine energy has the potential to become competitive with other forms of energy. The key to success in this lies in a low lifetime-cost of power as delivered to the user. Pitch-surge point-absorber WECs have the potential to do this with average annual powers of around 2 MW in North Atlantic conditions from relatively small devices that would be economically competitive with other technologies and would be relatively easy to install and maintain. The paper examines the factors governing the performance of such devices and outlines their underlying theory Preliminary laboratory test results from a 1/100 scale pilot design are presented. It is hoped that more extensive development work will follow these promising early results. Engineering designs for devices based on these findings are outlined.