Pelamis Wave Power Summary
OPD Ltd is an Edinburgh based company set up in January 1998 to develop the Pelamis WEC concept.
In March 2002, OPD Ltd. secured £6m (EUR 9.8m) funding from an international consortium of venture capital companies led by Norsk Hydro Technology Ventures, the venture capital arm of Norway's largest industrial company and including 3i, Europe's leading venture capital company and Zurich-based Sustainable Asset Management (SAM). Each organisation provided an equal level of funding to produce the largest investment of its kind in a wave power company.
In June 2004, OPD Ltd. completed the first round of investment of over £7.5m, including £1.5m new investment from the Carbon Trust, which co-invested alongside OPD's existing venture capital investors.
W.S.Atkins, a premier offshore consultant, has been advising OPD over the past two years. With their enormous experience in design and construction of offshore structures, they bring invaluable expertise to the development, demonstration and future production of the Pelamis.
The first full-scale pre-production protoype is now undergoing a staged testing programme at the European Marine Energy Centre in Orkney.
Address Ocean Power Delivery Limited 104 Commercial Street Edinburgh EH6 6NF
Google mapCountry United Kingdom
Public Email Address email@example.com
Phone Number +44 (0) 131 554 8444
Fax Number +44 (0) 131 554 8544
Description pelamis is the worldâ€™s most advanced wave energy technology company. weâ€™re growing thanks to de
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