Tuesday, September 22, 2009

I don't believe it!

Sad to report, Trident Energy's wave energy prototype which was being deployed off Southwold came off its barge and capsized. Details here and the company's own take on things here.

Fortunately no injuries were sustained, and the damage to the device is being assessed.

Monday, September 21, 2009

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.