Aquamarine Power
 |
|
| Private limited company | |
| Industry | Renewable energy |
| Founded | 2005 |
| Headquarters | Edinburgh, Scotland, United Kingdom |
|
Key people
|
Mervyn Jones (Chairman) Martin McAdam (Chief Executive Officer) |
| Products | Wave power technologies |
| Website | www |
Aquamarine Power was a wave energy company, which was founded in 2005 to commercialise a wave energy device concept known as the Oyster wave energy converter. The company's head offices were based in Edinburgh. The company had further operations in Orkney, Ireland, Northern Ireland and the United States. Its chief executive officer was Martin McAdam, who joined the company in 2008. The company was advised by Trevor Whittaker, inventor of the Oyster concept, and Stephen Salter, inventor of the Salter's Duck. The company ceased to trade on 20 November 2015.
The Oyster concept originated from studies conducted in 2003 by the wave power research team at Queen's University, Belfast, led by Professor Trevor Whittaker. The Queen's University, Belfast studies were co-funded by the Engineering and Physical Sciences Research Council and Allan Thomson, who had previously founded and led the UK’s first commercial wave energy company, Wavegen. In 2005, Allan Thomson founded Aquamarine Power to progress the commercialisation of the Oyster device. In 2007 Scottish & Southern Energy subsidiary Renewable Technology Ventures Limited invested in Aquamarine with a further investment in 2010. In February 2009, Aquamarine Power and Queen's University, Belfast signed an agreement to extend their R&D partnership to 2014.
In February 2009, Aquamarine Power signed an agreement with renewable energy company Airtricity, a subsidiary of Scottish & Southern Energy, to develop marine energy sites using the Oyster system. In November 2009, the first full-scale, 315 kW, demonstrator Oyster began producing power when it was launched at the European Marine Energy Centre (EMEC) on Orkney.
...
Wikipedia