Pelamis into stormy waters

The directors of Pelamis regret to announce that they have been unable to secure the additional funding required for further development of the company’s wave energy technology. As a result of this the board has reluctantly moved to appoint an administrator to assess the options for securing the future for the business and employees of Pelamis.

Pelamis wave generator in testing off Orkney (Pelamis)

The directors of Pelamis regret to announce that they have been unable to secure the additional funding required for further development of the company’s wave energy technology. As a result of this the board has reluctantly moved to appoint an administrator to assess the options for securing the future for the business and employees of Pelamis.