WAS 0.00% 0.4¢ wasabi energy limited

Ann: Wasabi acquires geothermal power plant , page-11

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  1. Dis
    3,741 Posts.
    Jukes,

    I think that is certainly one reason - attract more users by
    - removing any blemishes from the Kalina brand
    - actually owning a power station they can use for demonstartion rather than relying on third parties.

    However their Chinese partner has recently set up 4 demonstration projects in a variety of industries (geothermal, solar thermal, cement, coal) and a number of other users have successfully used the technology for some time.

    In addition to your reason, I think it also makes alot of financial sense
    - they probably picked up the station cheaply if it is not functional and the owners were not prepared to refurbish it themselves
    - they have their own staff to engineer the refurbishment and can do so at minimal cost
    - the equipment will probably come from the new Chinese factory to open this year. They will likely get it at mates rates (or perhaps even free if they are using it to test it).
 
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