OceanPd.com makes generators that convert waves in to energy
Title
Ocean Power Delivery Limited
Description
In March 2002, OPD Ltd. secured £6m (EUR 9.8m) funding from an international consortium of venture capital companies led by Norsk Hydro Technology Ventures, the venture capital arm of Norway's largest industrial company and including 3i, Europe's leading venture capital company and Zurich-based Sustainable Asset Management (SAM). Each organisation provided an equal level of funding to produce the largest investment of its kind in a wave power company.
In June 2004, OPD Ltd. completed the first round of investment of over £7.5m, including £1.5m new investment from the Carbon Trust, which co-invested alongside OPD's existing venture capital investors.
W.S.Atkins, a premier offshore consultant, has been advising OPD over the past two years. With their enormous experience in design and construction of offshore structures, they bring invaluable expertise to the development, demonstration and future production of the Pelamis.
