Renewable Power from the Ocean's Waves

Carnegie Wave Energy Limited (ASX:CWE) is focused on developing and commercialising its 100% owned CETO wave energy technology which is capable of producing zero-emission power and direct desalinated water.

Perth Wave Energy Project Animation Video timeline of CETO 3

Video "Perth Wave Energy Project Animation" (above left) and journey of CETO 3 from manufacture to deployment (above right)

CETO differs from other wave technologies under development globally by being fully submerged and generating power onshore rather than offshore. CETO has been proven at pilot scale and is now in its commercial demonstration phase.

Announcements
//  Oversubscribed Share Purchase Plan raises $6 million 30.12.2011
Wave energy developer Carnegie Wave Energy Limited (ASX: CWE) is pleased to announce that its Share Purchase Plan has closed oversubscribed and raised $6 million.
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//  Perth Project Design and Grant Payment 21.12.2011
- Basis of detailed design for Perth project complete - Project to be in 2 stages of 2MW + 3MW - 4th grant milestone payment from WA Government - New project design video released and available on website
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//  Electricity from waves is proven now for the ramp-up, CanaccordBGF 14.12.2011
- CanaccordBGF initiates research coverage on Carnegie - Updated target share price and market valuation
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Read more announcements here