REH has just announced this. CNM will no doubt announce it this...

REH has just announced this. CNM will no doubt announce it this evening or tomorrow. More good news. It's hard to work today!

Renewable Energy Holdings plc

CETO Update

Renewable Energy Holdings plc (AIM: REH), the AIM quoted investor and operator of proven and innovative renewable energy technologies, is pleased to announce that three CETO II pumps have been installed in the Perth, Western Australia test site. The pumps are fully instrumented and connected to the on-shore facilities, and are performing within their design specification. This is the first time that multiple CETO II pumps have been installed and operated together in an array format.

Following the successful completion of this stage of the development programme, a full-scale pump, CETO III, will be constructed and deployed at the test site, which is expected in early 2009.

REH has already announced pipeline developments for its CETO Wave Energy Device in Vancouver, Canada and Bermuda and is confident of developing commercial sites in Europe and North America, including Mexico, Caribbean and the Mediterranean.

This development activity is being undertaken by CETO Development Company Limited, a Joint Venture Company with EDF Energies Nouvelle (EDF EN), under the terms of the Collaboration Agreement dated 11 January 2008.

CETO is REH's proprietary wave energy technology that converts the energy of the waves into zero-emission electricity and zero-emission freshwater (desalination). Unlike other wave technology, CETO is fully submerged under the ocean and pumps water ashore to either a turbine to produce electricity, or to a reverse osmosis filter to produce fresh water.

Mike Proffitt, Chief Executive Officer of REH, commented:

"This is an important milestone for the commercialisation of our technology, as we can now instrument and record an aggregation of pumps working together. We plan to collect operating data for this array of three pumps, and to add several more pumps to the aggregation. This will pave the way for the construction of the CETO III commercial scale pump and its deployment in early 2009."