CWE 0.00% 4.2¢ carnegie wave energy limited

Some signs of optimism?, page-24

  1. 2,272 Posts.
    lightbulb Created with Sketch. 116
    Bucket loads of reassurance.......... is in this article from The Australian on 9th June this year...surprisingly

    http://www.carnegiewave.com/carnegie-press/press-release-2015.html

    "On a dark and stormy night in Perth in early May, Mike Ottaviano couldn’t have been more content and relaxed as 5.8 metre waves lashed Garden Island and the HMAS Stirling naval base.We generated power all the way through it,’’ Ottaviano says. “It was beautiful to see.’’

    “It does what it says on the tin, generating electricity from the waves,’’ Ottaviano says. “Now we need to prove its survivability over winter to complete the phase.’’

    The units also have to survive their first winter. “In the past, projects elsewhere have come unstuck when hit by 4m-5m waves,’’ Ottaviano says. “We expect seven to nine metre waves over winter.’’

    Ottaviano describes Carnegie as the “only grid-connected wave farm in the world’’. “Nine years ago there were hundreds of people with ideas,’’ he says. “Now there are maybe a dozen and of them two or three are active demonstrating larger-scale systems.’’

    Ottaviano is convinced the ocean’s forces will account for 10 per cent of the world’s power needs by 2050.

    It’s a beautifully predictable resource’’ he says.

    Thanks for your graphs and analysis also madbutcher....good stuff
 
watchlist Created with Sketch. Add CWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.