SIGMA ENERGY was established in 2008 in order to develop and deploy the wave energy converting technology, covered by several international patents filed by the company owner and lead engineer, Mile Dragić PhD. The company has been able to support the ongoing development process including design, construction and deployment of several scaled models as well as 1:5 scaled device tested in Adriatic Sea. In 2019 Sigma Energy was awarded €1.7 million funding from European Regional Development Fund and Republic of Slovenia for deployment and testing of the full-scale Sigma WEC for Adriatic Sea.