Video: Did China Steal Wave Technology?

Pelamis Wave Power, a renewable energy manufacturer based in Scotland, was at the forefront of wave technology. In 2004, it became the first company capable of using the technology to generate electricity into the grid.

However, in 2010, following a visit from Chinese investors, the company was robbed and five laptops went missing. A few years later, it went out of business.

Recently, a Chinese company unveiled similar technology. Was Pelamis targeted by these Chinese investors? Find out more from our partner Industrial Equipment News.

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