Electricity from the Motion of the Ocean

Terzo, Gerelyn
May 2006
Investment Dealers' Digest;5/1/2006, Vol. 72 Issue 17, p9
Trade Publication
The article reports that General Electric Co. (GE) has engaged a test run for a new segment of the renewable energy market which harnesses ocean waves in generating electricity in the U.S. The company takes a minority equity stake from Ocean Power Delivery (OPD) Ltd. of Great Britain. The senior vice president of GE, Mark Huang noted that they are seeking to finance high-growth renewable energy companies and investing in OPD was part of the strategy.


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