Pelamis Wave Power to Raise Funds for Innovative Work (UK)

Pelamis Wave Power is looking for a buyer to raise funds for its giant sea snake.

Pelamis is pursuing efforts to acquire GBP 10 – 20 million for the development.

Among potential buyers are BAE Systems, Rolls-Royce, Weir, Siemens, Caterpillar, ABB and Alstom, reports Scotsman.

[mappress]

Offshore WIND staff, January 06, 2012; Image: pelamiswave