Wow! This is just more CCE garbage. They keep pointing the the global potential market, the technology curve and a strategic roadmap... nothing specific at all!
They even mention the mysterious CETO - something else they have NEVER published any proven metrics on - EVER! They have found a way to operate in a grey zone of never having to prove anything because they are very careful with the wording. As long as they don't outright lie they can keep getting grants and raising capital via issues. Their business isn't really wave tech - its identifying and securing low-doc capital!
"Validated"?? What does that mean? That is "works"?
- What generation capacity did their test units have and what is the likely capacity of the various commercials units for each target market?
- What was the actual generation from the test units? How hard can this be to publish?
If they put in a "50kW" capacity PTO, what generation, and over what time period, was actually achieved? What sort of efficiency did they achieve in extracting energy from the "most energy-dense source in the world"?
- What is the current, and target, CAPEX/MW?
- What is the LCEO?
- What actual generation was achieved?
- Have they got any customers - and binding MOUs?
They could shut me up by publishing something but in 15+ years they've completely avoided it (yes yes, except that their $55M+ CETO 5 units generated 14MWH over two years in the water... laughably embarrassing).
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