Renewable Energy Gets Second Wind on AIM
class=textcopy>AT first sight, a fuel-cell membrane that makes it easier for television addicts to watch their favourite programmes on a mobile phone has little in common with a 17-tonne metal buoy floating in the sea close to Pearl Harbor in Hawaii.
In fact the two are the little and large of the British stock market’s burgeoning alternative-energy sector. This now has almost 20 companies with a combined market value that broke through £1 billion at the end of last year and soared to £1.3 billion after last week’s launch of the government’s energy review.
Take that buoy in Hawaii. This is the first part of a pioneering wave-energy power station, ordered by the US Navy from Ocean Power Technologies, a £40m company quoted on London’s Alternative Investment Market (AIM), and it should start producing electricity within weeks.
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Wind power might run into competitive trouble against emerging clean coal technologies, but if carbon dioxide isn't taxed. Photo is simulation of future Waymart Wind Farm in Pennsylvania.
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