Pelamis, long a leading player in the wave energy industry, has gone “into administration,” akin to Chapter 11 bankruptcy. The fall of the Scottish company, announced on Friday, was a blow to Scotland and a sign of the tremendous challenges wave developers face – but it might also signal a necessary winnowing of the incipient… Keep reading →
A US company aims to break into Europe’s wave power industry, despite fierce competition in the marine technology market.
“Wave energy can help because it is one of the few vastly available renewable resources that can act like baseload power. The trick is you have to deliver a device that is survivable [and] maintainable in one of the harshest environments but … can also deliver that competitive cost,” Reenst Leseman, CEO of Columbia Power Technologies, recently said. Keep reading →
