ABB invests in renewable energy company with focus on wave energy

ABB, Zurich, Switzerland, announced an investment of about $13 million in Aquamarine Power, of Scotland, a company that has developed technology to convert energy captured from waves near shore into clean, usable electricity. ABB Technology Ventures, the company’s venture capital arm, made the investment in a funding round that also included a $4.8 million investment from SSE Venture Capital, the venture capital unit of Scottish and Southern Energy, and other investors. The investment give

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