Good news, I think.
The closure of the South West Regional Development Agency could have put at risk the future of the Wave Hub project.
Now, the UK Department for Business Innovation and Skills (i.e.: the UK goverment) has stepped in and taken over ownership of the Wavehub assests and project.
The actual operations will be run by a new company: Wave Hub Limited, based in Cornwall.
It looks like a sign of UK government commitment to the development of marine energy conversion technologies.
Reference: Ocean Power Magazine .net
Advertisement
