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The Next Wave In Renewable Energy From the Ocean

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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