Renewable Energy Holdings news January 15, 2007
Posted by CamdenKiwi in : Investing,Little Green Portfolio , trackbackBuried deep in a trade journal, there is a little more detail of the success of the CETO trial carried out in Australia. The CETO device, which is one of Renewable Energy Holdings main strands of potential business, sits on the ocean floor and forces water through a narrow pipe to drive a turbine on shore.
Its not clear what impact this would have on the seabed environment, but there would certainly be no greenhouse gas emissions from operation (though probably some during production). Any power installation has some impact on the surrounding area so, provided care was taken, this seems a good, low-impact idea.
Trials continue this year, with likely commercialisation in 2010, making this a long term play. It is tempting to buy more now, at about 35p, given that the technology is increasingly proven but the price is almost at an alltime low.
Technorati Tags: Renewable Energy Holdings, CETO, wave power
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