Grey Island Wins PitchCamp
Grey Island Energy, a St. John’s-based cleantech company, was the run-away winner of the PitchCamp competition that opened Invest Atlantic on Tuesday.
CEO Daniel Hoyles explained in his one-minute pitch that his company is developing a device that produces electricity using the motion of waves, which could power coastal towns or oil rigs at half the cost of diesel-powered electricity.
“We’re developing a device that is elegant in its simplicity and that can be built in any shipyard,” said Hoyles, whose company operates out of the Genesis Centre at Memorial University of Newfoundland.