Separation is good. I have serious concerns that wave power will ever be commercial - waves are powerful so the engineering development required is complex (expensive, see the billions spent on wind turbines that operate in a less demanding environment), coastal real estate is hotly contested and limited, waves are more variable than tides. And the real killer, solar plus storage at 5+2c/kWhr and getting cheaper have stolen wave powers market opportunity.
Mpower is a strangely under-hyped beast, compared to ZEN that operates in a similar market.
Overall, the separation of CCE and TAG/EMC is good, if only to quarantine the ongoing losses in CETO.
CCE Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
