Hey SW I am not overly concerned. If Wello is successful it will...

Hey SW I am not overly concerned. If Wello is successful it will be good for the industry as a whole remembering "a rising tide lifts all ships!" So much negativity exists towards the wave energy sector that good publicity will benefit all companies in the sector. Whether they are a threat to CWE will be determined by the efficiency of the devices. It is an interesting technology I would say that CETO being submerged is advantageous compared with the Penguin. Wello recent announcement refers to a demonstration plant which I interpret as the equivalent of CETO 5/garden island. So to me, Wello is a fair bit behind CWE. Having said that if CWE doesn't get a move on they may miss the opportunity of being first into the market. Let's hope that the company gets some announcements out soon. DYOR IMO