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03 Apr 2009 05:04:10

Aquamarine to focus on wave power



Aquamarine to focus on wave power
Renewable energy firm Aquamarine has revealed that it is to focus on generating electricity from waves.

The company, which was developing devices to harness both tides and waves, has announced that it is to dedicate itself entirely to tidal power.

This means the firm will halt development of its 2.4MW Neptune tidal system, for which it will keep the intellectual property rights.

Instead the company will accelerate its timetable for the commercialisation of its Oyster wave energy device.

Martin McAdam, chief executive of Aquamarine, said: "We have developed a clear path for the business, engineering, commercial and site development activities which will ensure the success of Oyster and enable us to deliver a profitable system to our customers.

"The decision to stop any further work on Neptune is the right decision for us. We will deploy our engineering team on making Oyster commercial in the shortest possible timeframe."

Aquamarine is working with Scottish & Southern Energy renewable energy subsidiary Airtricity.


http://www.aquamarinepower.com/
ADNFCR-1235-ID-19108302-ADNFCR


Discussion Thread  

09 Apr 2009

Over recent months, there's been a lot of media focus on the energy industry. The brighter energy debate aims to explain the complexities of the industry and address the issues that affect us all - from energy bills to energy efficiency.
npower has taken an interesting, interactive approach to discussing energy matters and many videos on important topics are planned for release this year.
The first one is npower’s response to the profits announced last week. It comprises an interview with npower CEO Kevin Miles with the broadcaster Peter Snow:
http://thebrighterenergydebate.npower.com/




Discussion Thread  

 


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