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Pelamis Wave Power
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Developer of a semi-submerged machine which converts wave energy into electricity using tuneable hydraulic systems. Six full scale Pelamis machines have been built and deployed to date.

Founded in 1998
Founded in

Company type Bankrupt Public ()
Company type

Industry Group energy & power

Sector hydro & marine

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United Kingdom Edinburgh, United Kingdom
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Updated by Deborah Smith at Pelamis Wave Power on 06/12/2014

Edited by Cleantech Group on 09/04/2020

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E.ON E.ON

E.On is deploying and testing a P2 Pelamis machine over three years at the European Marine Energy Centre.

Confirmed by E.ON

Partnerships
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Date Partner Type
12/31/2010
Vattenfall Vattenfall
Pelamis Wave Power and Vattenfall launched a joint venture to develop the first wave power project off the Shetland Islands.
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Confirmed by Vattenfall
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IPO INFORMATION

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Description

Date Investors Type Amount
02/27/2013 Energy Technologies Institute Energy Technologies Institute (1)
Post-money valuation of
Pelamis Wave Power has been awarded a £1.4m project from The Energy Technologies Institute (ETI) to fund development work to enhance the cost-effectiveness of wave energy converter arrays in UK waters. The funding will support the first phase of work this year ahead of a larger demonstration program if the results prove encouraging.
Project Finance $2,250,000
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Pelamis Wave Energy Converter

The Pelamis machine generates electricity from the movement of ocean waves using a hydraulic power take off system at each joint of the structure.

Pilot/Early Revenue
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