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.
The Hon Martin Ferguson, Minister for Energy & Resources, Melissa Parke MP and Carnegie CEO Michael Ottaviano at Carnegie's Wave Energy Research Facility, Western Australia
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
// Development of Bermudan CETO Project
11.05.2012
- 1st detailed study of Bermuda's wave regime
- Further development of commercial power and water project
- Potential contribution to Bermuda's Energy White Paper Targets
- $10m Australian Government grant for $31m Perth Project
- $5.5m secured from WA Government
- Project to be at Garden Island, WA
ERP Announcement Video