Short description
Aquamarine Power is a wave energy company developing a hydro-electric wave energy converter called Oyster.
Description
Aquamarine Power is a wave energy company, with head offices in Edinburgh, Scotland and further operations in Orkney and Northern Ireland. The company is currently developing its flagship technology, an innovative hydro-electric wave energy converter, known as Oyster. Aquamarine Power’s goal is to develop commercial Oyster wave farms around the world.
The first demonstration-scale Oyster has been successfully deployed at sea at the European Marine Energy Centre (EMEC) in Orkney, Scotland and was officially launched by Scotland's First Minister Alex Salmond MP, MSP in November 2009 when it began producing power to the National Grid to power homes in Orkney and beyond. Oyster's performance is now being monitored and the results from the testing will provide a basis for the design of the next-generation commercial-scale Oyster 2.
Total funding
$$43214321
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Location
Edinburgh, Edinburgh, City of, United Kingdom, Europe
Founded on
January 1, 2005
Non-profit?
No
Acquired?
No
Employees count
51-100
Investors
Noaccess, No Way, Noaccessforu
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Founders
Allan Thomson