CETO 5 was supposed to output up to 240KW. Actual CETO 5 output during PWEP testing was 40KW (was that really in line with expectations??)
Clearly they had a problem. While part of the problem may have been (hopefully) power losses in the hydraulics, it likely wouldn't have boded well and led to the CETO 6 viability review (and associated tether and PTO architecture re-designs).
We may never know. I would have thought that this apparent discrepancy should have been disclosed to the ASX (to be fair it wasn't strictly hidden, but it certainly wan't noted in any ASX announcement).. On the other hand, if they had disclosed it, CCE may be no more. Anyway we're here, and I hope that harvesting energy from the waves will eventually deliver on its promise.
CCE Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
