CWE 0.00% 4.2¢ carnegie wave energy limited

We can argue all day about who the was the first to harness wave...

  1. 17,523 Posts.
    lightbulb Created with Sketch. 1215
    We can argue all day about who the was the first to harness wave energy, even right back to 1799.  

    In reality there has not been a company that has had the ability, to reliably deliver wave energy generated electricity on a regular basis. Pelamis boasts 10,000 hours of grid connected electricity from two devices at Orkney, but the truth is the devices were off line more than they were on.

    It is now CWE's turn to step up to the plate and see what they can deliver.

    "Pelamis in June boasted of hitting 10,000 hours of grid-connected operation for its two Pelamis P2 machines at the European Marine Energy Centre in Orkney. But the company wasn’t confident enough to leave the devices at sea in all conditions; having been first connected in October 2010 and May 2012, respectively, the P2s spent far more time offline than they did on. In 2013, E.on, the big German energy company, withdrew from a joint project with Pelamis, citing the slow development of wave energy technologies."

    http://breakingenergy.com/2014/11/2...-looks-to-drive-wave-energy-tech-convergence/
 
watchlist Created with Sketch. Add CWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.