"The major European utilities are watching and ocean energy...

"The major European utilities are watching and ocean energy investments are increasing.." says Fievez.
Seriously! The utilities, EU and governments are so interested and committed that the company with the so called optimum solution has to pick up the begging bowl again and ask for a (paltry) $3m from its shareholders! You couldnt make it up. It tells you everything you need to know about where CETO is at.
The inflection point Fievez mentions is likely to see the project sink to the bottom of the ocean along with the organisation that invented it. Absolutely embarrassing for all concerned.