The Next Wave In Renewable Energy From the Ocean

by Tim Flanagan on February 12, 2012

Todd Woody has this article in the February 27, 2012 issue of Forbes Magazine:

MOTORING ACROSS THE PUGET Sound, Reenst Lesemann spots a yellow, barnacle-encrusted contraption bobbing on the wind-whipped waters off Seattle. Called the SeaRay, it’s the prototype of a device that Lesemann’s startup, ColumbiaPower Technologies, is betting can help transform wave energy from a long-running science experiment into the next renewable energy bonanza. “I have never seen a multibillion-dollar market where the customers are literally waiting on the technology,” says Lesemann, a former venture capitalist.

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