REH gives up on CETO and gets £30 million

First an apology to regular blog readers for the recent silence.

We're back.  

There's an interesting news story here that Renewable Energy Holdings (listed on the London Stock Exchange as REH), has sold its wave energy Intellectual Property rights to Carnegie for £30 million (in shares in Carnegie).

The CETO technology is among the more developed wave technologies, having spent some time in the water at largish scale in Australia, so this is an interesting value indication for other companies in the space which are looking to monetise their IP.