Wavestar future on knife edge

Wavestar looks to be in the same predicament as Pelamis and Aquamarine Power ie unable to attract financial backing for very large and very expensive devices somewhat restricted in their application.

“Our technology works but we know it is too expensive, so maybe it is not the right technology and it’s not for us. We cannot find investors so we must take the consequences.”

http://renews.biz/102918/wavestar-future-on-knife-edge/

The whole industry suffers as a result of these failures but CWE has managed to diversify into a number of fields that these companies could not access.

The United Kingdom and the rest of Europe have invested too much to walk away at this stage.  The time is ripe for an innovative and flexible wave company to step in and fill the void.