Blah blah blah... in 2006... Soo... 18 years ago Fievez decided to do something about climate change. What has happened since then that springs to mind:
- Solar PV has emerged, commercialised, and dominated
- Wind: similar
- Batteries - on the path, rocketing.
- EVs!
- Even hydrogen is smashing wave tech.
Carnegie Clean Energy nee Carnegie Wave Energy has done NOTHING and published nothing of substance, but it has burned >$200M to achieve all of that.
The announcement syas, "As part of the EU funded EuropeWave Program, the CETO technology was independently verified by industry experts and ranked first overall across categories including levelised cost of energy (LCOE), generation performance, reliability and survivability."
- What does "the CETO technology was independently verified by industry experts" actually mean. They verified that some technology existed? Which part? Was it novel or innovative?
- They ranked it first in all of those categories did they? I mean, first POS amongst a pile of Sh1t is still a POS!
- What was the generartion performannce - facts and figures?!
- What was the LCEO and the peer LCEOs? Publish the assumptions and extrolartions! When will CCE dare to provide a single peer-reviewed statistic/fact?
- Reliability: what reliability? With what design or what material covered by what patenbts?
But don't worry - the energy in the ocean is MASSIVE and if they tap just 0.00001% of it then it will make your investment worth more, or less...
Delist and be an R&D project at UWA. The ASX should delist them.
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