Pelamis Wave Power entering administration
Sad news in today’s Times about Pelamis Wave Power entering administration. Their technology will doubtless be bought up by someone else with deeper pockets and we’re sure we’ll see this most reliable form of clean energy becoming mainstream. The tides and the associated waves are the most predictable renewable resource we have and a nation like the UK, with its vast coastline relative to land mass, should be leading this technology.
We wish the firm well in whatever form it ultimately finds itself.
You can read the full article here: http://www.thetimes.co.uk/tto/news/uk/scotland/article4281104.ece