ABB, Zurich, Switzerland, announced an investment of about $13 million in Aquamarine Power, of Scotland, a company that has developed technology to convert energy captured from waves near shore into clean, usable electricity. ABB Technology Ventures, the company’s venture capital arm, made the investment in a funding round that also included a $4.8 million investment from SSE Venture Capital, the venture capital unit of Scottish and Southern Energy, and other investors. The investment gives ABB access to another renewable energy technology, and provides an entry into the emerging marine energy market, where ABB has considerable pull-through sales potential for its power systems, power electronics and medium-voltage drives.

You have reached this page because you attempted to view material that is only available to on-line subscribers. If you are already an on-line subscriber, please log in using the login box on the right. If you still cannot access the rest of this site, please email or call our customer service department:

US Toll Free: (866) 505-7173
International: (847) 763-9504
Email: custserv@newsletter.penton.com

If you are interested in being an online subscriber, please check out our Subscription page (or the tab above right).

Thank-you from the staff of Electrical Marketing.