Storm clouds loom for Pelamis, as pioneering wave energy firm enters administration

Jessica Shankleman
clock

Edinburgh-based wave power company enters administration, citing lack of financial support

The UK's wave power industry has suffered a major blow today, after leading developer Pelamis confirmed it has gone into administration following its failure to secure funding for the next stage of development...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Marine

UK green shipping innovations win share of £8m in government funding

UK green shipping innovations win share of £8m in government funding

Government announces funding for 32 projects ranging from green shipping corridor studies and autonomous vessels to multi-use drones and smart route planning systems

Michael Holder
clock 18 October 2024 • 4 min read
'Centre of zero carbon marine engineering': £60m green upgrade of Pembroke Port unveiled

'Centre of zero carbon marine engineering': £60m green upgrade of Pembroke Port unveiled

Government-backed project aims to transform historic dockyard into ‘world leading’ hub for wind, wave and tidal power and deliver 1,800 jobs

Stuart Stone
clock 22 August 2024 • 5 min read
Isle of Wight ferry operator Red Jet to add electric vessel to fleet

Isle of Wight ferry operator Red Jet to add electric vessel to fleet

First zero-emission vessel between South Coast and Isle of Wight announced through a partnership with Red Funnel and Artemis Technologies

clock 03 July 2024 • 2 min read