Investors now worry that mobile telecoms is merely a low-growth utility, rather than an industry on the verge of a new phase of explosive expansion.

ECONOMIST: How much longer can things go on getting worse?

Ocean Power is working with Spanish utility Iberdrola, French oil giant Total and two Spanish government agencies for the first phase of a modest 1.39-megawatt facility--a decent-sized nuclear reactor pumps out 2, 200 megawatts--off the coast of Spain.

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