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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Marine

 'Electric Thames': UK Power Networks launches project to electrify vessels on the River Thames

'Electric Thames': UK Power Networks launches project to electrify vessels on the River Thames

Project aims to tackle infrastructure challenges that could hamper the electrification of the Thames fleet

clock 20 May 2025 • 3 min read
Government announces Marine Energy Taskforce

Government announces Marine Energy Taskforce

Energy Minister confirms plans for new industry-led taskforce to explore how to advance marine energy plans

clock 09 May 2025 • 2 min read
'Seas the day': How choices made now will determine the future of the ocean economy

'Seas the day': How choices made now will determine the future of the ocean economy

New analysis explores how governments and businesses could build a sustainable ocean economy that creates over 180 million jobs worldwide by 2050

clock 08 May 2025 • 5 min read