Maybe WaveHub is not dead?, page-7

Because Garden Island is Carnegie's backyard. Because they have their microgrid setup and other infrastructure there. Because they already had agreements in place to buy the power generated. Because they had grants in place to build it there for years.

In Albany they have to build everything from scratch. Everything. They don't even have a shed. The only thing going for it is more wave activity, but GI isn't exactly bad. In fact, if a wave resource like GI isn't enough for a wave energy device to be viable, it's questionable if it's viable at all.

And no, they had nothing to install in the UK. Ceto5 was piloted here. They were never going to deploy it in the UK; it was a one install pilot only and always was going to be. Before Ceto5 had spent its full year in the water Carnegie knew things weren't good and they had to redesign Ceto6, so that was not going to be installed in the UK within X years either. They literally had NOTHING to install there. We shareholders didn't now that at the time, but Carnegie sure did. And eventually some of us cottoned on, a good while before others...