The
company
will
have
the
option
to
lease
one
of
the
sites
–
located
at
Portland,
Warrnambool
and
Phillip
Island
–
with
a
view
to
setting
up
a
commercial
demonstration
of
its
Ceto
wave
energy
devices.
“We
are
pleased
to
have
progressed
our
consents
to
licences
and
now
have
a
clear
pathway
to
lease
an
area
of
seabed
for
a
commercial
project,”
says
managing
director
Michael
Ottaviano.
The
Ceto
system
is
made
up
of
an
array
of
submerged
buoys
tethered
to
seabed
pumping
units.
As
the
buoys
rise
and
fall
with
the
passing
waves,…
