28th Aug 2008 07:00
28 August 2008
Renewable Energy Holdings plc
("REH" or "the Company")
CETO Update
Renewable Energy Holdings plc (AIM: REH), the AIM quoted investor and operator of proven and innovative renewable energy technologies, is pleased to announce that three CETO II pumps have been installed in the Perth, Western Australia test site. The pumps are fully instrumented and connected to the on-shore facilities, and are performing within their design specification. This is the first time that multiple CETO II pumps have been installed and operated together in an array format.
Following the successful completion of this stage of the development programme, a full-scale pump, CETO III, will be constructed and deployed at the test site, which is expected in early 2009.
REH has already announced pipeline developments for its CETO Wave Energy Device in Vancouver, Canada and Bermuda and is confident of developing commercial sites in Europe and North America, including Mexico, Caribbean and the Mediterranean.
This development activity is being undertaken by CETO Development Company Limited, a Joint Venture Company with EDF Energies Nouvelle (EDF EN), under the terms of the Collaboration Agreement dated 11 January 2008.
CETO is REH's proprietary wave energy technology that converts the energy of the waves into zero-emission electricity and zero-emission freshwater (desalination). Unlike other wave technology, CETO is fully submerged under the ocean and pumps water ashore to either a turbine to produce electricity, or to a reverse osmosis filter to produce fresh water.
Mike Proffitt, Chief Executive Officer of REH, commented:
"This is an important milestone for the commercialisation of our technology, as we can now instrument and record an aggregation of pumps working together. We plan to collect operating data for this array of three pumps, and to add several more pumps to the aggregation. This will pave the way for the construction of the CETO III commercial scale pump and its deployment in early 2009."
For further information please contact:Mike Proffitt, Chief Executive Tel: 01624 641199Renewable Energy Holdings plc Richard Swindells / Andrew Craig Tel: 020 7634 7405 Ambrian Partners - Nominated Adviser & broker to REH
Samantha Robbins / Paul Dulieu Tel: 020 7822 0200 Redleaf Communications [email protected]
Notes to Editors
About Renewable Energy Holdings plc
Renewable Energy Holdings ("REH") is an international company established to be an investor in and operator of both proven and innovative renewable energy technologies. REH owns two operational wind farm sites in Germany, Kesfeld (32.5MW) and Kirf (8MW). In addition, REH is at various stages of development of further wind farm sites in Poland and Wales.
REH owns a methane Landfill Gas Project in Powys, Wales which is at an early stage of gas collection, currently producing at 1MW and which is expected to increase as the landfill matures.
CETO is REH's innovative wave power technology. It is the first wave power converter to sit on the seabed, where it is invisible, safe from storms and ocean forces, and self contained. Unlike other wave energy technologies that require undersea grids and costly marine qualified plant, CETO requires only a small diameter pipe to carry high pressure seawater ashore to either a turbine to produce electricity, or to a reverse osmosis filter to produce fresh water. CETO is currently deployed off Fremantle, Western Australia undergoing commercial testing.
The Directors and executive team of REH have extensive experience in both the conventional and renewable energy sectors, both in the UK and overseas, and through their experience have built a broad international network of relationships with individuals, companies, governments and lobby groups.
The Company was incorporated in the Isle of Man on 8 October 2004 and listed on the London Stock Exchange's AIM Market in February 2005.
Further information can be found at www.reh-plc.com.
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