Turbulent Past

Several companies and teams of scientists have tried to make wave energy a reality in the past, but as Greentech notes, many of their projects fell apart or ran out of money. But with renewed interest — and funding — in the industry, more companies are starting to test out their devices.

“We’re in that valley of death, climbing out of there at the moment,” naval architect Christopher Ridgewell, CEO of AW-Energy, a Finnish company working on a wave energy device called the WaveRoller, told Greentech.