Ecotricity investing in wave power technology

Wed Jan 25 2012, 09:19 AM

Ecotricity is investing an undisclosed amount for a controlling stake in wave power technology conceived by British engineer, Alvin Smith. The UK-based firm will work with Smith to develop and commercialise the Searaser device, with the first commercially scaled product slated for testing within the next year. Ecotricity hopes to deploy 200 units around the British coastline over the next five years.

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