Ocean Power Delivery Ltd (OPD) is an Edinburgh based company set up in January 1998 to develop the Pelamis WEC concept.
In March 2002, OPD Ltd. secured £6m (EUR 9.8m) funding from an international consortium of venture capital companies led by Norsk Hydro Technology Ventures, the venture capital arm of Norway's largest industrial company and including 3i, Europe's leading venture capital company and Zurich-based Sustainable Asset Management (SAM). Each organisation provided an equal level of funding to produce the largest investment of its kind in a wave power company.
In June 2004, OPD Ltd. completed the first round of investment of over £7.5m, including £1.5m new investment from the Carbon Trust, which co-invested alongside OPD's existing venture capital investors.
A further round of investment was completed in June 2006. £13m of new investment was raised from a consortium of new and existing investors funding expansion of the business and roll out of the next generation machine.
W.S.Atkins, a premier offshore consultant, has been advising OPD over the past two years. With their enormous experience in design and construction of offshore structures, they bring invaluable expertise to the development, demonstration and future production of the Pelamis.
Contact Details
104 Commercial St
Edinburgh EH6 6NF
Scotland, UK
Telephone: +44 (0) 131 554 8444
Fax: +44 (0) 131 554 8544
Test Facility
Port of Leith Shed
Shed 12
Edinburgh Dock
Leith Docks EH6 7DW
Scotland, UK
Telephone: +44 (0) 131 554 2059
http://www.oceanpd.com
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