Protean spins off wave energy for battery focus

PROTEAN Clean Energy has spun off its wave energy subsidiary to Pearl Clean Energy with the two signing a binding term sheet agreement today, just two years after the company recapitalised to try and commercialise the clean tech.  

Protean spins off wave energy for battery focus Protean spins off wave energy for battery focus Protean spins off wave energy for battery focus Protean spins off wave energy for battery focus Protean spins off wave energy for battery focus

Vanadium and battery concern progressing Aussie trials as it offloads wave tech 

Pearl will pay A$700,00 over five years to acquire the Protean wave energy converter technology assets. It will also pay a royalty of 1.