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4.2¢ carnegie wave energy limited

Ann: TNG:TNG team up with Sumitomo and EMC for Vanadium batteries, page-23

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raiderup

27,668 Posts.

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13/12/16

21:27

Post #: 21313658
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Originally posted by Megafauna ↑

It has only been a week since CWE acquired 100% of EMC. Before now, EMC was a privately owned company and therefore not bound by the rules of disclosure that a public company would be.

We do know that they have built up from nothing ten years ago to a company that has revenue of $20 million this year.

Almost all of what they have done so far, has been in WA.

One of the reasons given for agreeing to the buyout by CWE, is to grow bigger faster.

CWE's international connections, gives them that opportunity.

I would say, that would also have been a factor in TNG joining in. The inclusion of SEI gives the collaboration extra bona fides.

King Island and any other islander or grid connected micro grid, should now appear on their radar.

If you look at what EMC has done at Alkimos Beach, Rottnest Island and CSIRO's Square Kilometre Array, you will see some example of what they have been able to achieve so far.

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Oh, forgive me Mega, no mention of cwe's technology?,

I am more than aware of emc's technology, apologies for trying to advance all things cwe.

Raider

CWE Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
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