"Our story first started in 2001 when Professor Trevor Whittaker's research and development team at Queen's University, Belfast began to research flap-type wave power devices with a view to reducing the cost of energy. The R&D team's research ultimately led to the development of the Oyster wave energy device.
"The innovative design of the Oyster wave energy converter attracted the interest of Allan Thomson, the retired founder of WaveGen, the UK's first ever wave power company. Allan went on to co-fund further R&D into the Oyster wave power device. In 2005, Allan set up Aquamarine Power to bring Oyster wave power technology to the commercial market.
"In 2007, we secured an investment of £6.3 million from major utility SSE (Scottish and Southern Energy plc). We also secured a further investment of £1.5 million from venture capitalist Sigma Capital Group plc. This gave us the financial backing and additional industry expertise we needed to progress our Oyster wave energy technology from scale model wave tank testing to full-scale sea trials..."
- Martin McAdam, Chief Executive Officer
Accessed October 2012: 
- Paul Capell, Chairman
- Martin McAdam, Executive Director
- Richard Round, Executive Director
- Matthias Haag, Executive Director
- Gary Steel, Non-Executive Director
- Girish Nadkarni, Non-Executive Director
- Jim Wilson, Non-Executive Director
- Frederik W. Mowinckel, Non-Executive Director
- John Malcolm, Non-Executive Director
- Tristan Fischer, Non-Executive Director