5th Feb 2008 14:40
Renewable Energy Holdings plc05 February 2008 5 February 2008 Renewable Energy Holdings plc ("REH" or "the Company") Successful Deployment and Operation of First CETO II Wave Energy Unit Renewable Energy Holdings plc (AIM: REH), the AIM quoted investor and operatorof proven and innovative renewable energy technologies, is pleased to announcethe successful deployment and initial operation of the first CETO II Wave Energyprototype off the CETO test site at Fremantle in Western Australia. The complete CETO II prototype unit was deployed in January 2008 and hasperformed as expected in the wave regime present since then. Mike Proffitt, CEO of REH commented; "We are very pleased to have achieved thismajor milestone on schedule and to now have the first CETO II unit in the oceanand performing as expected. This is another successful step achieved by thedevelopment team and takes us closer towards our goal of having CETOcommercial-ready in 2009". "This significant technical milestone proves the CETO II design in real oceanconditions and clears the way for further deployment of units, off Fremantle,for performance monitoring and design development in varying sea states." The manufacture and pre-deployment testing of the first CETO II unit took placein Perth over the last months of 2007. Deployment was carried out one day inJanuary onto pre-deployed moorings. High pressure piping was connected as partof the process and water is now being delivered back to the onshore Fremantlefacility. Subsequent CETO II units will be deployed over the coming months in the oceanoff the Fremantle test site ahead of full-scale CETO III unit testing which willcomplete the CETO development program in 2009. About Wave Energy & CETO Named after the Greek ocean goddess, the CETO technology distinguishes itselffrom other wave energy devices by resting out of sight on the ocean floor. Anarray of submerged buoys is tethered to seabed pump units. The buoys move inharmony with the motion of the passing waves, driving the pumps which in turnpressurises seawater and delivers it ashore via a pipeline. The high-pressureseawater can be used to supply a reverse osmosis desalination plant, replacinggreenhouse gas emitting pumps usually required for such plants. The highpressure seawater can also be used to drive hydro turbines, generatingzero-emission electricity. Other wave energy and CETO characteristics • Wave energy is a renewable, zero-emission source of power • 60% of the world lives within 60km of a coast, removing transmission issues • As water is about 800 times denser than air, the energy density of waves exceeds that of wind many times over dramatically increasing the amount of energy available for harvesting • Waves are predictable days in advance making it easy to match supply and demand • CETO sits under water, moored to the sea floor, meaning there is no aesthetic impact • CETO units operate in deep water, away from breaking waves. The waves regenerate, once they pass the CETO units, meaning there is no impact on popular surfing sites • CETO units are designed to operate in harmony with the waves rather than attempting to resist them. This means there is no need for massive steel and concrete structures • CETO is the only wave energy technology that produces fresh water directly from seawater • Any combination of power and water can be achieved from 100% power through to 100% water • CETO contains no oils, lubricants, or offshore electrical components. CETO is built from components with a known subsea life of over 30 years • CETO units act like artificial reefs in the way they attract marine life. For further information please contact: Mike Proffitt, Chief ExecutiveRenewable Energy Holdings plcTel: 01624 641199 Katherine RoePanmure Gordon - Broker to REHTel: 020 7459 3600 Richard SwindellsNabarro Wells - Nominated Adviser to REHTel: 020 7710 7400 Emma Kane / Samantha Robbins / Paul DulieuRedleaf CommunicationsTel: 020 7822 0200 Notes to Editors About Renewable Energy Holdings Renewable Energy Holdings is an international company established to be anoperator of, and undertake active investment in, both proven and innovativerenewable energy technologies. REH owns two operational wind farm sites is Germany, Kesfeld (32.5MW) and Kirf(8MW). In addition, REH is at various stages of development of further wind farmsites in Poland and Wales. REH owns a 1MW methane Landfill Gas Project in Powys, Wales. CETO is REH's innovative wave power technology. It is the first wave powerconverter to sit on the seabed, where it is invisible, safe from storms andocean forces, and self contained. Unlike other wave energy technologies thatrequire undersea grids and costly marine qualified plant, CETO requires only asmall diameter pipe to carry high pressure seawater ashore to either a turbineto produce electricity, or to a reverse osmosis filter to produce fresh water. The Directors and executive team of REH have extensive experience in both theconventional and renewable energy sectors, both in the UK and overseas, andthrough their experience have built a broad international network ofrelationships with individuals, companies, governments and lobby groups. The Company was incorporated in the Isle of Man on 8 October 2004 and listed onthe London Stock Exchange's AIM Market in February 2005. Further information can be found at www.reh-plc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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