Media Coverage 2009

 Harnessing ocean's potential for energy without emissions (287Kb) //
New Zealand Herald, 10th December 2009
The construction of the first 5MW farm follows the granting of a licence by the state Government to a large area of seabed near Garden Island, allowing the installation of 30 CETO units.

 West ready for clean energy's new wave (588Kb) //
The Australian, 9th December 2009
Construction of Australia's first commercial-scale wave energy farm will start within weeks after the West Australian government signed an audacious plan to power thousands of Perth homes from the ocean.

 Criterion (541Kb) //
The Australian, 9th December 2009
Having secured a crucial government lease permit this week (and a jack-up rig from the North-West Shelf), Carnegie is about to build a 5 megawatt demonstration plant off Garden Island.

 ABC News - Windows Media Video (5.0Mb) //
ABC News, Western Australia, 7th Dec 2009
Carnegie Wave Energy plans to build the first commercial sized wave energy unit in the country. The underwater facility will use wave motion to pump high-pressure water ashore the water will then power a turbine, creating emission free electricity.

 Channel 7 - Windows Media Video (5.0Mb) //
Channel 7, Western Australia, 4th Dec 2009
The State Government will give the green light next week for Australia's first commercial wave power facility to be built off Garden Island.

 Tapping into circuit breakers (225Kb) //
The Australian, 19th November 2009
Carnegie Corporation, considered the most advanced of the local wave energy providers, has been operating a pilot plant near Fremantle and is to begin construction next year on a 5MW installation near Garden Island in Perth.

 It's the mix that matters (125Kb) //
The Australian, 19th Novenber 2009
Wave energy is a possibility being explored by Carnegie Wave Energy, which is commercialising its CETO wave energy technology.

 Ready to ride the next wave (360Kb) //
The Australian, 19th October 2009
Australia's first commercial-scale wave-energy plant and the world's largest is to be located at Garden Island, 50km south of Perth.

 Sydney Morning Herald (310Kb) //
Sydney Morning Herald, 17th October 2009
Synergy said it was considering wind farm proposals to meet the state's 20 per cent renewable energy target. It has signed agreements with geothermal and wave developers including Carnegie Wave Energy, which will build its first commercial 5MWwave power station at Garden Island, south of Fremantle.

 Carnegie in second defence MoU (64Kb) //
The West Australian, 16th October 2009
Carnegie Wave Energy has signed a second deal with the Defence Department to explore the use of its CETO wave technology to power the department's operations, this time for its Harold E Holt station at Exmouth.

 Carnegie signs for WA wave project (82Kb) //
The West Australian, 16th October 2009
Carnegie Wave Energy is on its way to becoming the first Australian company to commercialise renewable energy technology after signing off on a 5MW wave energy project to be built off Garden Island.

 Australia Set to Grant A$300 Million in Renewable Energy Funds (132Kb) //
Bloomberg, 8th October 2009
Australia is close to allocating A$300 million ($270 million) in renewable-energy grants as it seeks to reduce carbon pollution and spur development of clean-power technology.

 The Green Wave (225Kb) //
Management Today, October 2009
The centrepiece of Carnegie's technology solution is CETO, the world's only fully submerged wave-technology system. It consists of submerged buoys tethered to sea-pump units that deliver highly pressurised water through a pipeline to onshore hydro-electric turbines.

 When the surf's up, no limit to its power surge (89Kb) //
The Weekend Australian, 1st Aug 2009
Ottaviano says Carnegie is determined to propel Australia to the international forefront of wave technology through the development of energy power stations off the Australia coast, including a five-megawatt site in Western Australia.

 Sky News Eco Report - Windows Media Video (4.7Mb) //
Sky News Eco Report, 31st Jul 2009
Tonight we are taking a look at wave technology. It's an industry beginning to take shape locally and when you consider the claim that our waves could provide around four times the nations power needs it's not suprising.

 Carnegie Connection (393Kb) //
Herald Sun, 31th July 2009
Listed wave energy developer Carnegie Corporation said yesterday the French Government would provide $5.16 million to research its CETO technology off Reunion Island.

 Cleantech News Roundup (185Kb) //
Ethical Investor, August 2009
Power to Change: Australia's Wave Energy Future was released in Fremantle by WWF and Carnegie Corporation (ASX:CNM), whose CETO wave demonstration plant in Western Australia is "leading the world in this breakthrough technology".

 Go with the flow (931Kb) //
About the House, July 2009
Undeterred by the obstacles this new energy source may face, federal MP Melissa Parke told the House of Representatives we must rise to the challenge."The wave power technology being developed on the Indian Ocean bed off Fremantle is a looking-glass preview of the future," she said.

 No more splashing around in the shallows (854Kb) //
EcoGeneration, 14th July 2009
"The CETO is very different to other technologies being developed, and if Carnegie's plan to build a 50 MW wave power station... is realized it will make the company a world leader", says Murdoch University's Professor David Harries.

 Carnegie waves at Victoria (303Kb) //
Herald Sun, 14th July 2009
Listed wave energy company Carnegie Corporation says it may choose a site off the Victorian coast to build a $300 million demonstration plant.

 Carnegie making waves overseas (176Kb) //
WA Business News, 25th June 2009
A world-leading wave energy and clean technology developer based in Western Australia has its sights set on exporting its expertise and establishing itself as a global electricity utility.

 The power of the deep blue sea (274Kb) //
The West Australian, 24th June 2009
Over time, energy has been sourced in many different ways from nature - first from the earth, then air and now water. Carnegie Corporation is a West Perth-based company focused on the development of 'Clean Technologies' and their flagship project is harnessing the potential of the ocean as a zero-emissions power source.

 Wave powered jobs boom (2.10Mb) //
Fremantle Herald, 20th June 2009
Dr Ottaviano told the Herald many of the jobs would be based in WA, and particularly Fremantle "which was really the birthplace of the technology." A CETO wave energy demonstration plant off Fremantle is leading the world in the new technology.

 Big boost for green stocks (389Kb) //
The West Australian, 8th June 2009
Mr O'Brien expects WA-based Carnegie Corporation (CNM), the only ASX-listed stock in the wave technology sector, to be a front-runner for REDP funding.

 Innovation's credit crunch (173Kb) //
The Australian, 5th June 2009
It is good news as well as a little surprising to see a large number of early-stage cleantech companies on the Australian stock exchange raise capital in recent weeks.

 Carnegie Simplifies Ownership of Wave Technology (170Kb) //
Eco Investor, June 2009
Carnegie's Managing Director, Dr Michael Ottaviano said "This transaction will deliver significant value to Carnegie shareholders in opening up Northern Hemisphere opportunities for Carnegie in the United States, Europe and across Asia. It simplifies the CETO ownership structure and allows Carnegie for the first time to have 100% ownership of CETO".

 Carnegie raises $5.5m (68Kb) //
The West Australian, 27th May 2009
Wave power group Carnegie Corporation has successfully raised $5.5 million in a share placement carried out by Black Swan Equities and Patersons Securities. The placement at 22c was oversubscribed, with $5 million anticipated.

 Clean technology sector seeks a place in the sun (150Kb) //
Australian Financial Review, 22nd May 2009
Wave technology company Carnegie Corporation is also higher this year on news about financing, government grants and technology ownership changes, though it is still below its 47c peak in 2007.

 Riding the Wave (150Kb) //
The Australian, 15th May 2009
Carnegie Corp concluded a major transaction last week, buying back the global intellectual property (IP) and development rights of its CETO wave energy technology, allowing it to be a full participant in projects planned for the key European markets.

 Taking Stock (113Kb) //
Australian Financial Review, 14th May 2009
A growing focus on renewable energy has been kind to shares in Carnegie Corporation, which have rallied more than 190 per cent since December. The group concentrates on CETO technology, a method of creating energy using the ocean's waves.

 $67m deal gives wave energy play global rights (381Kb) //
The West Australian, 12th May 2009
Carnegie has entered into a heads of agreement with AIM-listed Renewable Energy Holdings to buy the intellectual property and global rights to the CETO wave technology it is trying to commercialise in Australia.

 Renewables- the prospects look bright (235Kb) //
Sydney Morning Herald, 9th May 2009
Carnegie Corp, a wave energy company which has demonstrated its highly promising CETO technology off the coast of Fremantle since 2005, is taking an innovative approach to managing the capital challenge.

 Carnegie rides development wave (733Kb) //
PESA News, 23rd Apr 2009
ASX-listed Carnegie Corporation is one such company seeking to harness the power of the deep blue. Carnegie has begun 2009 at a canter, securing a $12.5m grant from the Western Australian Government and announcing the signing of a license agreement to investigate a suitable site for the development of a wave energy project in South Australia.

 WA firms secure $3.7m in grants (63Kb) //
WA Business News, 23rd Apr 2009
ASX-listed Carnegie Corporation was awarded $156,567 to develop an advanced tubeless heat recovery system for flue gases that would be used for pre-heat incoming combustion air.

 Investec wave energy deal a good omen (390Kb) //
The Australian, 20th Apr 2009
The $250 million financing agreement provided by Investec Australia for Carnegie Corp's planned wave energy farm is firm evidence that funding is available for the right renewable energy projects.

 Wave Power Deal (120Kb) //
Australian Financial Review, 17th Apr 2009
Wave energy and clean technology developer Carnegie Corporation's shares were bolstered after the group entered into a heads of agreement with Investec Bank mapping out details for the development of Carnegie's commercial demonstration wave power project.

 Carnegie signals its intentions: $250m funding pledge signed (280Kb) //
Adelaide Advertiser, 15th Apr 2009
Carnegie Corporation has signed an agreement worth up to $250 million with international banking group Investec to fund the development of its Australian wave power project.

 Investec in fund deal (182Kb) //
The Australian, 15th Apr 2009
Shares in Perth company Carnegie Corp, which is seeking to develop wave-energy projects, rose to their highest in 10-months yesterday after it signed a funding accord with Investec for as much as $250 million.

 Power from wave motion (413Kb) //
Herald Sun, 15th Apr 2009
Carnegie Corporation has signed an agreement worth up to $250 million with international banking group Investec to fund the development of its Australian wave power project. Carnegie shares jumped 15 per cent after the announcement was made yesterday to close up 3c at 23.5c

 Investec vows $250m for Carnegie if Australia joins party (352Kb) //
The West Australian, 15th Apr 2009
Fremantle inventor Alan Burn's Carnegie Corporation has struck a tentative $250 million funding deal with banking giant Investec in a boost to its plans to establish Australia's first commercial wave power project.

 D-Day for $435m in Federal Grants (140Kb) //
The Australian, 14th Apr 2009
Wednesday is shaping up as a crucial deadline for Australia's aspiring renewable energy producers, with applications due for grants under the federal Government's $435 million Renewable Energy Demonstration Program.

 Innovation brings reward (331Kb) //
Australian Financial Review, 14th Apr 2009
Investment in innovative technology paid off for shareholders of several green and alternative energy companies appearing the March quarter Deloitte nano-cap index. The third of the green oriented businesses to appear in the top 10 is Carnegie Corporation, which posted a 91 per cent rise in its market captialisation.

 $500m wave energy plant moves a step closer (140Kb) //
Warrnambool Standard, 20th Mar 2009
The Carnegie Corporation has been given the green light to develop coastal land in both the Warrnambool and Portland areas to gauge the energy capacity of the south-west coast.

 Wave Power (63Kb) //
Herald Sun, 20th Mar 2009
Carnegie Corporation will establish a pilot in waters around Portland, Warrnambool and Phillip Island.

 Channel 10 - Windows Media Video (2.0Mb) //
Channel 10, Western Australia, 20th Feb 2009
Plans to generate electricity from wave power off the WA coast are a step closer tonight. Carnegie Corporation has received a $12million funding injection from the state government to build the first phase of a 50MW wave energy plant.

 $435m boost for green energy ideas (360Kb) //
The West Australian, 20th Feb 2009
The Rudd Government is set to pump $435 million into renewable energy projects to help make them commercially viable as part of efforts to wean the nation off fossil fuels and stimulate green industries.

 State backs Albany wave power project (452Kb) //
The West Australian, 20th Feb 2009
Environment Minister Donna Faragher and Energy Minister Peter Collier said funding from the Government's Low Emissions Energy Development fund would help Carnegie to develop its power station by 2013.

 State rides energy wave (76Kb) //
Herald Sun, 18th Feb 2009
Victoria is in the running for a $300 million wave power project, with predictions 20 per cent of the state's electricity could be generated by the ocean. The State Government is in talks with Western Australia's Carnegie Corporation to develop a wave energy plant.

 Wave energy plan moves step closer (193Kb) //
Border Watch, 12th Feb 2009
South Australia's first licence to develop ocean wave power into green electricity has been granted to wave energy developer Carnegie Corporation to explore 17,000 hectares of seabed near Port MacDonnell.

 Wave energy investigation deal (93Kb) //
Ballarat Courier, 12th Feb 2009
Having already piloted fully-submerged wave power technology in Western Australia, a 17,000ha section of seabed adjacent to Port MacDonnell in South Australia will become Carnegie's third site of investigation in Australia.

 Exploring the waves' energy (91Kb) //
Adelaide Advertiser, 12th Feb 2009
Managing Director Michael Ottaviano said the granting of the licence moved the project to the forefront of renewable energy technology.

 Channel 9 - Windows Media Video (4.7Mb) //
Channel 9, South Australia, 11th Feb 2009
The wild waters off the states south-east could soon be a source of electricity as we try to ride the wave of investment in renewable energy. A company wants to exploit wave power and says we have plenty of potential.

 Channel 10 - Windows Media Video (3.7Mb) //
Channel 10, South Australia, 11th Feb 2009
The motion of the ocean could soon be lighting up South Australian homes. Investors have agreed to test waters in the states south-east with a vision to build Australia's first wave powered generating plant.

 Harnessing the waves could power Australia (590Kb) //
New Zealand Herald, 9th Feb 2009
Wave energy could be harnessed to power towns. A 50MW plant would be enough to power a large town.

 Wave energy project for Albany (100Kb) //
Albany Advertiser, 9th Feb 2009
Two areas in the South-West have been earmarked as potential sites for Carnegie Corporation's wave energy projects.

 MoU boosts wave plans (99Kb) //
Albany & Great Southern Weekender, 5th Feb 2009
Carnegie Corporation Limited has been busy during January signing a variety of agreements for its projects to harness energy from the ocean. The corporation entered into a Memorandum of Understanding (MoU) wit the state's energy retailer Electricity Retail Corporation (Synergy) for the purchase of electricity from the fist stage of a wave energy project.

 Aussie firm sees buoyant future in wave power (20Kb) //
Reuters, 4th Feb 2009
Ottaviano believes wave power is one of the few green technologies that can provide steady, or baseload power.

 Synergy signs wave deal (139Kb) //
Kalgoorlie Miner, 31st Jan 2009
Perth: Western Australia's largest electricity retailer has signed an in-principle agreement with a wave power company to buy its energy.

 Funds put firm on crest of bid to make wave power (100Kb) //
The Australian, 27th Jan 2009
Mr Ottaviano said Carnegie had "zero debt" as well as cash to get through the year.

 Carnegie to examine wave power for the navy (95Kb) //
The West Australian, 20th Jan 2009
"Wave energy there makes a lot of sense given Garden Island, like most of the West Australian coastline, gets a world-class wave resource on tap" Carnegie managing director Michael Ottaviano said.

 Energy fund is fast tracked (195Kb) //
Albany Advertiser, 6th Jan 2009
Carnegie Corporation has welcomed Prime Minister Kevin Rudd's announcement that the $500million Renewable Energy Fund will be fast-tracked.

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