Yes, there is no doubting marine energy is a tough gig, maybe the toughest of them all.
But there is something about it that I find irresistible, (maybe because of my navy background).
Finding the right energy play these days has become much more difficult, much harder than when there was only a few fossil fuel options to choose from.
The amount of choice today is astounding.
You mentioned wind, solar and lithium, there are countless options available in all of those, (some successful, some not so much).
My approach has been to have a wide spread of stocks that I think will have a role into the future.
My approach has been to not try and guess which will succeed and which won't, there are too many unknowns..
Piling into just one of them is fraught with danger, (today's rooster is tomorrow's feather duster).
My RE investments cover lithium mining and processing, vanadium mining and VRFB electrolyte processing, graphite, hydrogen, biofuel, solar, microgrid technology, pumped hydro energy storage and last but not least, marine energy.
I have no idea, which of those will be the big winners, there is no such thing as a certainty.
No doubt there will be some that fail but not all. It would be nice to see them all get up but realistically it will be more like one or two but that is all I need.
Perhaps there is a glimmer of hope for CCE yet, at least Enel Green Power must think so.
CCE Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
