The current dire situation in the Northern hemisphere in Europe and the UK, underlines the need for renewable energy generation to be bolstered by wave action. Despite the numerous wind farms located on land and in the sea,insufficient electricity is being generated to meet demand.Why? Because winds have dropped and aren't blowing strongly enough to drive the blades on the windmills. Storage batteries are useless unless there is power to store. The only reliable source of continuous energy other than nuclear- a no-no- and fossil fuels, a BIG no-no, is from the sea. If CCE management can learn from past mistakes and quickly overcome the technical issues associated with wave generation,then in my view, they're in with a big chance to make the company a viable proposition. Disclosure; Not a holder.Have been in the past and very happy to re-invest once the directors get their act together. But there has to be a share consolidation. It's farcical at the moment.
donnybrook
CCE Price at posting:
0.2¢ Sentiment: Buy Disclosure: Not Held
