I agree, why not go ahead with an Australian owned technology that has passed all the environmental tests and is ideally suited to an island environment.
The underwater buouys do not have a visual impact and do not create noise. Situated in reliable wave sites, such as Bass Strait, they generate power day and night. Wave energy is far more predictable than wind.
The added benefit of Ceto technology is that it can be used to create zero emmission power and fresh water.
The first functioning array will be completed in 2013 at Australia's largest naval base at Garden Island.
Plans are well underway to build projects in Ireland, Reunion Island, Bemuda, Canada and Ireland.
Visits to the Garden Island facility by the President of Indonesia and high ranking representatives of the US Navy show that the interest is there.
The desalination capability of Ceto will IMO, be as important as the ability to produce electricity.
Australia has a long history of developing brilliant ideas that are later lost to other countries. It would be nice to hang onto one that promises to develop into a worldwide industry.
I declare that I am a long term holder of the stock.
