Alstom takes 40% stake in AWS Ocean Energy.
Alstom, a France-based engineering group, has taken a 40% stake UK-based AWS Ocean Energy for an undisclosed amount and as its first investment in a wave energy firm.
Simon Grey, AWS’s chief executive, said: "With Alstom as a major backer, AWS Ocean Energy has a delivery capability which our utility customers will need in order to realize their major wave energy projects in Scotland and elsewhere.
"Alstom’s investment provides us with the stability we need in order to attract…
