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April 27, 2006
Wave Power Startup Readies 2007 Full-Scale Demo
Scotland's AWS Ocean Energy Ltd, which makes an alternative energy generator (grid-connected) that relies on wave power, has raised £2 million in equity funding from RAB Capital, after completing a trial off the coast of Portugal.
On its website, the firm said that the new funding will enable AWS to assemble a "world-class engineering and commercial team, and to complete the design of a full-scale demonstrator to be fabricated in 2007 and commissioned in 2008." An updated version of its Mark Two design will be built which will exploit lessons learned from the "successful testing off the coast of Portugal" last year.
Read - AWS Ocean Energy Press Release (Tornado Insider)
Posted on April 27, 2006 05:26 AM | Posted to Alternative Energy | Venture Capital | Permalink
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