In December 2006, an independent report on the technical and commercial viability of the CETO wave energy technology was prepared by PB Power, part of Parsons Brinckerhoff, an independent consultancy firm specialising in the global power industry.
Key factors confirmed by the report are the estimated capital expenditure per MW, which positions CETO close to wind turbines, but with more than twice the operating load factor, and the estimated operating expenditure per kWh which enables CETO to be economically competitive with fossil fuel-based generation.