Black and Veatch Consulting and BDO have now delivered the updated reports (technical and financial) commissioned by DECC.Both reports demonstrate that the patented Anaconda device has the potential to be a game changer, this new technology ; a distensible rubber tube, offers an electrical energy generation device with no “hard limits”. The cost of energy produced by Anaconda is also encouragingly low supporting the business case.
Carbon Trust studies have, in the past, described Anaconda as a “step change” and now both updated reports confirm the economics, making a clear case for additional development.
Discussions are now underway with advisors and potential partners and we look forward to announcing developments in due course
Risk Warning
This communication is issued in the UK by Checkmate Seaenergy Ltd. (“the Company”). This communication is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any shares in Company. No such offer or solicitation will be made except pursuant to a prospectus or information memorandum or other offering document if and when issued by the Company.