I was previously advised the production costs of each 1.5kw unit could be below 3k (without on-shore infrastructure). I'd assume with mass production it could be even less.
The initial cost of 500k for the 30 buoy array I am sure has other costs involved and manufactured with manual tooling.
That's why I have been so interested and positive on SHE/POW.
I'm hoping and actively encouraging management in my own way to access more opportunities to be more pro-active. Actually funding shouldn't be a major problem at the moment if the right resources are tapped in to.
I'll give the management and board a few more months to prove their worth. I hope to be pleasantly surprised and my decision vindicated.
Cheers, GLTA and DYOR.
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