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Carnegie’s CEO, Dr Michael Ottaviano said, “Achieving 10,000 hours of continuous operation is a significant milestone not just for Carnegie but for the wave energy industry as a whole. The industry has faced a lot of challenges, especially around reliability and survivability. By demonstrating the continuous operation of our product, we’re addressing these challenges. Our understanding is that this is the longest continuous period of operation any in-ocean wave energy project has ever achieved, anywhere in the world.”
- Carnegie selected for the Sustainia100 shortlist from over 1,500 projects from across the globe - The Sustainia Award is given to a solution. technology or project with significant potential to help build a more sustainable future
- $1.5 million milestone payments approved by the Australian Renewable Energy Agency - Milestone payments approved for manufacture, construction and deployment of CETO units and the commissioning of the Perth Wave Energy Project
Presentation delivered at the Thetis - Marine Renewable Energy (MRE) conference in Nantes, France by Carnegie's Executive Director of Business Development, Mr. Kieran O'Brien. THe conference features the leading offshore French and European wind, wave and tidal projects and technologies.
- CETO 5 unit #1 retrieved on first attempt validating 'hot swap' maintenance strategy - Onshore inspection and overhaul of Unit to now commence - Total operation hours over 8,500 hours and waves up to 5.7m in height
During the bleak weather, Carnegie's inaugural project - which powers HMAS Stirling, Australia's biggest naval facility - faced a foaming reliability test. "We generated power all the way through it," Ottaviano says. "It was beautiful to see."
Renewable energy might be on the back burner in Australia, but the achievements of Carnegie Wave Energy are getting interesting. With strong recent interest from Chile in the technolgy and the advantage of being fully submerged in deep water, Carnegie retains a speculative buy call.
Off the coast of Western Australia, three big buoys floating beneath the ocean's surface look like giant jellyfish tethered to the seafloor. The steel machines, 36 feet wide, are buffeted by the powerful waves of the Indian Ocean. By harnessing the constant motion of the waves, the buoys generate about 5 percent of the electricity used at a nearby military base on Garden Island.
Amid falling iron ore prices and a fiery GST debate, visionaries such as Carnegie Wave Energy boss Michael Ottaviano are getting on with ensuring WA becomes a world leader in renewable energy through the ocean's waves.
The navy's Perth base, HMAS Stirling is now being powered by the ocean after a decade of developing technology to convert swells into electricty.
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.
CETO differs from other wave technologies under development globally by being fully submerged and being able to generate power both onshore and offshore. CETO has been proven at pilot scale and is now in its commercial demonstration phase.
Our team are a vital part of our business and Carnegie is committed to finding talented and innovative professionals who are dedicated to the development of the CETO Wave Energy technology. Carnegie is an industry leader in the wave energy sector and has strong engineering and analysis capabilities, unique development and test facilities, and is recognised globally for its innovation in the clean energy sector.
At Carnegie, we encourage our staff to develop both personally and professionally. We are committed to investing in our employees' continued professional development and their personal career progression.
If you're looking for a workplace with a difference and you are someone with a passion for renewable energy and innovation then Carnegie is the place for you.