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A wave energy company developing a hydro-electric wave energy converter called Oyster.

Categories

CleanTech, Energy, Energy Management,

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Reasons for Shutdown

Macroeconomic Factors

The economic climate was part of the reason of its demise.

Aquamarine Power cited the economic climate and the lack of private-sector backing as the reason behind its rapid demise.

Acquired

Acquired by SSE.

Aquamarine Power was acquired by SSE on November 24, 2010.
A joint venture partnership between Aquamarine Power and SSE Renewables had been granted exclusive development rights to an area of the seabed off the coast of Orkney as part of the world’s first commercial leasing programme for wave and tidal energy generation projects.
The partnership had been granted an agreement for a lease which gave them exclusive rights to develop the area for the proposed deployment of the first commercial farm of Aquamarine Power’s Oyster hydro-electric wave power devices in 2013.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Image	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
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Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.		ABB Technology Ventures	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.		StartX (Stanford-StartX Fund)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		Allan Thomson	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	21 Dec 2011	Venture Round	-	-	-	-	-	-	1	-	-	-	-
2.	24 Nov 2010	Venture Round	USD 17.4M	-	-			-	2	-	-	-	Completed