"Commonwealth Bank of Australia (CBA) is providing a five-year $20 million loan facility as part of the financing required for the next stage of CETO technology development and commercialisation, the CETO 6 Project. This will lead to the development of an export ready wave technology for global application. Additionally, Commonwealth Bank is also providing a further loan facility of a minimum of $1 million that will provide part of the financing for the Garden Island Microgrid (GIMG) Project."
It is nice to see them break free from grant and CEFC money.
Ten years of development and twelve months since PWEP was deployed must have convinced the bank that this company is worthy of support.
CWE Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
