Days later Siemens AG (SIE) announced it's selling Marine Current Turbines Ltd... Already the top 20 wave and
tidal - stream businesses have amassed losses of $ 903 million over their lifetimes, according to BNEF data... «This is the capitalist survival - of - the - fittest process working as normal in any new market area,» McCrone said by e-mail... As other renewables such as solar and wind have reduced cost to become commercially viable, waves and tides
remain the most expensive sources of
power, costing four times more than coal, BNEF estimates... Oceanlinx Ltd. and Wavebob Ltd. both failed in the past 18 months, and Ocean Power Technologies Inc., one of the only listed marine energy businesses, canceled a project inAustr
power, costing four times more than coal, BNEF estimates... Oceanlinx Ltd. and Wavebob Ltd. both failed in the past 18 months, and Ocean
Power Technologies Inc., one of the only listed marine energy businesses, canceled a project inAustr
Power Technologies Inc., one of the only listed marine energy businesses, canceled a project inAustralia.