Some quick points from today's roadshow Before I forget:
20 metre buoy is likely to be as big as they go.
Waves up to 17 metres at Ceto 6 site at GI.
One buoy in the water at the moment because they are unsure where they want to go with Ceto 5.
Ceto 6 will be used at remote island locations.
MO relocating to UK in a weeks time.
Only two serious contenders for wave energy in the world. The other being WERPO.
Five wave hubs in Europe all begging for a wave energy to come along.
Reaffirmed U.S. D of D as a potential buyer.
Bermuda again referred to.
Western Power collaboration is significant, highly unusual for a government utility to get involved with new technology startup.
I asked about another technology such as Bombora being included in micro grid projects. Not much interest but did mention that Aquamarine might have some wave flaps going cheaply.
Revenue from micro grid development expected in the new year.
CWE Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
