OCEAN ENERGY PIONEERS

Five Companies Riding the Wave of Ocean Energy

Amy Gleich, August 3, 2014 (OilPrice)

"…[The ocean] could meet around a quarter of the United States’ -- and three-quarters of the United Kingdom’s -- energy needs, but is largely being ignored by investors…[but] other green energies, such as wind and solar, have received tremendous attention and investiture, [but] tidal and wave energy is, as of yet, untapped…[Harnessing the ocean’s power] is a much more difficult prospect…[W]hile the world has yet to see the establishment of a large-scale, wave-fueled commercial power station, there have been notable advancements…[Aquamarine Power, Pelamis, Oceanlinx, the U.S. Air Force, and Ocean Power Technologies are poised to try and become ocean-power pioneers that succeed…The wave power industry is still the ‘wild west’ of technological entrepreneurship. While this unbridled spirit comes with its own challenges, it’s this same dynamic and ‘anything goes’ culture that’s so essential for developing innovative solutions. But no invention can get off the ground without investment; without billions of dollars of capital, this sector of the renewable market can’t take off…” click here for more

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