Aquamarine Power closes £10 million funding on way to £50 million

Aquamarine Power announced it had closed a first round of £10 million funding from existing and new investors in UK and Ireland on the way to closing the £50 million it requires to get to commercialisation in 2014. In a previous (presumably seed) round, Scottish and Southern Energy and Sigma Capital invested a total of £7.8 million according to the company’s press release. No new investors were identified by the company.