Consolidating wave, wind and tidal power technology

Posted: 01/30/2012 in all marine news

Hydro International – 

The newly-established Norwegian renewable energy company STRAUM merges three technology environments to become a leading supplier of wave, tidal and ocean wind power technology. STRAUM believes consolidation is the key to success.

Tidal energy
Norway has a strong history of developing world class offshore and hydropower technologies. This is a unique platform to develop marine renewable energy systems from, and a competitive advantage we believe now is materialised in STRAUM, says CEO Harald Østerberg. Through consolidation the company gathers expertise and financial strength to break through in the global market. He sees synergies connected to technology development and commercialisation.

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