Aquamarine closes £10 million funding

News today is that Aquamarine, developer of the Oyster wave devices recently installed at EMEC in Orkney, has closed a £10 million equity financing (as a precursor to another £40 million to be raised later). Details here.This funding, together with the deployment at EMEC, projects Aquamarine into the top rank of wave energy devices.

The company's press release is here.

ORECon closes $24 million fund raising

ORECon, the southwest UK-based wave energy developer which had seemed to be somewhat dormant of late has just announced a $24 million fund raising.

This is terrific news, as it means another wave energy developer now has the wherewithal to fund the building of a full scale prototype.