By my calculation, CCE has $27,450,000 in the kick to deploy a single Ceto 6M at Albany.
Not included in that cost is the grant money awarded to the thirty research partners that are assisting CCE to develop the technology, foundations and systems.
I believe it cost somewhere in the vicinity of $22 million to deploy 3 X Ceto 5.
It required drilled and grouted pylons, massive hydraulic pods on the sea floor and several kilometres of hydraulic pipeline to the plant on Garden Island.
At the time, the cost of the foundations were about a third of the cost from memory.
The University of Western Australia has been researching alternate foundation systems that will avoid the requirement for a jack up barge.
Electrical cable in lieu of hydraulic pipe, will also reduce costs.
I believe CCE's main role is to produce and deploy a suitable platform.
CCE has already demonstrated the capability to deploy and retrieve large point absorbing wave energy devices.
What they have not demonstrated, is their ability to deploy devices that produces power that is commercially viable.
The time is now right for the companies like Bosch Rexroth, NEMOS, Artemis Intelligent Power, Umbria and CGen to unveil the power take off units they have been developing (some for up to ten years).
This part of the Albany Project is the great unknown (but probably the most crucial).
If they get that right, everything falls into place.
For CCE's part, I have no doubt that they can do their part.
