About Us

Orecon was established in 2002 by Nicola Harper and Fraser Johnson who had been developing the wave energy technology since 2001. The company was formed as a "spin-out" from their postgraduate project at the University of Plymouth which included  sea trials of a 12th scale concept prototype.  Early industrial seed investment kick started development of the company and was later followed in 2003, with a DTI SMART Award. Following the SMART funded feasibility work, Orecon raised private investment to match fund a Carbon Trust grant for the industrial development of the MRC wave energy technology.

In February of this year (2008) Orecon secured major investment from a powerful syndicate of international Venture Capital investors led by Advent Ventures. With the investment Orecon will build and deploy a full-scale device, then move on to commercial roll-out of its technology.

Orecon investors  are:-

Advent Ventures - www.adventventures.com

Venrock - www.venrock.com

Wellington Partners - www.wellington-partners.com

Northzone Ventures - www.northzone.com