EON Supplier Pelamis Looks for Industrial Player for Wave Farms

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Pelamis Wave Power Ltd., a U.K. maker of ocean energy technology, is looking to partner with a "strong" industrial company in the next year to help bring its technology to market and deliver on its projects.

The company, venture capital-funded for about nine years, now needs a different solution in order to have the capability to deliver bigger orders and projects, Per Hornung Pedersen, chief executive officer of Edinburgh-based Pelamis, said in an interview in London.