Ann: Application for ARENA Funding Successful, page-31

With the shocker of the Wave Energy mess, ARENA has tightened up its grants - I think ours was part of 20million with

"

11.ARENA will award grant funding to eligible applications on the basis of a competitive assessment againstthe Merit Criteria, under Part4 of these Guidelines. Link

Merit will be assessed on the basis of:

1. ●Applicant capability and capacity

2. ●Contribution to Program Objectives and Round Priorities

3. ●Project design

4. ●Financial viability and co-funding commitment

5. ●Knowledge sharing"

Point 1 and 4 is key in my view. Market can play till demonstration plant shows ROI per our own websites "competitive advantage" claims.

Proof is needed for even very good ideas. Happy to contribute more if needed as I suspect proof will not take that long once the demonstration plant is running.