Wave Power Technology News

AWS Ocean Energy Ltd, one of Scotland’s pioneering wave energy companies, announced that it had secured a major investment from Alstom, a global leader in power generation, power transmission and rail infrastructure. Alstom acquires a 40% equity stake in Inverness-based AWS Ocean Energy. This will give the company the financial strength to expand its operations and accelerate the development of its AWS-III wave power technology. It is Alstom’s first-ever investment in the wave energy sector. The announcement was made June 21 2011 at Edinburgh Castle, at an event hosted by Alex Salmond, Scotland’s First Minister. Alex Salmond, the First Minister…