On the wave technology timeline, 2020 is tomorrow. I believe it...

On the wave technology timeline, 2020 is tomorrow.

I believe it would take that long to build a decent sized commercial project.

I will be happy if they can prove they are able to step up to that level in the next two years. The market should start liking the stock when they demonstrate beyond all doubt that Ceto 6 is the right technology to carry them into the future.

A few microgrids using Ceto 6 will fill the void until a full sized utility array is built. They have proven they have the ability to manage smaller projects from what they have done at the PWEP demonstration array.

Just on the disappointment expressed by posters re Ceto 5 not remaining in operation. From what I have read and been told over the last six or seven years, was that Ceto 5 was never seen as the model that would be their ultimate commercial product.

It was always stated that bigger buoys (20 metre diameter being the sweet spot), is what they would need to take to the market for commercialisation.

From my perspective, Ceto 5 was just a vehicle to prove that the technology would work. That has been done, the only thing outstanding is the independent verification that confirms their findings.

In the meantime Ceto 6 has been under development, with the major change being in having the power take off system on board. Essentially, the rest of the buoyant actuator system remains the same.

The expertise they have gained in collaboration with other research and industry entities, puts them ahead of their competitors. Who could put a price on what they have learned in the last ten years. No other wave company (currently operating) can claim that level of experience and knowledge.

Can they cash in on that knowledge? I think they can and will.