The two aspects of this announcement that I find most compelling are:
1/ This commissioning of the desalination plant and electricity from the CETO 5 wave energy will complete the end to end process of both wave generation of electricity and the creation of potable water.
2/ The exciting part of the announcement is clearly the last paragraph which states... "Portable water from the desalination pilot plant will be supplied to the Department of Defence under a Water Supply Agreement in return for a commercially competitive water tariff."
CWE Price at posting:
5.3¢ Sentiment: ST Buy Disclosure: Held