Orecon update: Closure confirmed

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Following this morning’s news on Business Cornwall, Orecon CEO David Crisp has confirmed that the wave development company has closed down.

He said: “Due to lack of funding Orecon has regrettably closed down operations. We remain convinced that wave power represents a huge source of clean renewable power and a major market opportunity, we look forward to seeing the industry reach its full potential in the years to come.”

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