I would say that technical credibility and technological simplicity are important, then
scalability and IP. There’s no competition yet because there’s no market – the only real
competition is offshore wind. We had no management at the outset, although we’ve now got
a first class team. Simplicity is crucial when looking at the technology – investors must be
able to understand it, the device must be easy to operate and maintain, and it must be easy
to buy components. There must be some IP, but it need not be designed to crowd other
players out – we want an industry, not just one company involved in the sector. Economics
are not really a consideration – we will either make money or lose it all! Scalability is crucial –
we must be able to get to utility scale. We are aiming at energy generation for grid
connection, so we must be serious about size. I think scalability is a big problem for some of
the other companies.
scalability and IP. There’s no competition yet because there’s no market – the only real
competition is offshore wind. We had no management at the outset, although we’ve now got
a first class team. Simplicity is crucial when looking at the technology – investors must be
able to understand it, the device must be easy to operate and maintain, and it must be easy
to buy components. There must be some IP, but it need not be designed to crowd other
players out – we want an industry, not just one company involved in the sector. Economics
are not really a consideration – we will either make money or lose it all! Scalability is crucial –
we must be able to get to utility scale. We are aiming at energy generation for grid
connection, so we must be serious about size. I think scalability is a big problem for some of
the other companies.
Notes
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