Media Coverage 2012
Carnegie wins EPA green light (125Kb) //
The West Australian, 11 December 2012
Fremantle-based Carnegie Energy has won the race for Australia's first environmental approval of a wave power project.
Carnegie Wave Energy Raises Funds for Australian Power Project(159Kb) //
Bloomberg, 3 December 2012
Carnegie Wave Energy Ltd, a producer of technology that generates power from the sea raised A$5.8 million to build it's first grid-connected project.
Carnegie taps into waves of support (207Kb) //
The West Australian, 28 November 2012
Emerging wave power player Carnegie Energy is poised to capitalise on a landmark WA defence contract.
New-wave design (123Kb) //
The Australian, 21 September 2012
The CETO 5 model will have three times the capacity of the CETO 3 unit used in trials at Garden Island last year, with the submerged buoy - the part that gets moved by the ocean - increased in diameter to 11m from 7m.
Sit tight, the tidal wave of clean energy is on the horizon (139Kb) //
The Sydney Morning Herald Online, 22 July 2012
The company received a big boost after the Prime Minister, Julia Gillard, confirmed the government's support for an exclusive agreement for Carnegie's Perth Wave Energy Project to power the Department of Defence's HMAS Stirling naval base.
Shares in wave firm surge as Gillard unveils PPA with navy (894Kb) //
Recharge News, 20 July 2012
Prime Minister Julia Gillard said that the project was the start of bigger things to come. "We should all be proud that this is Australian design, Australian ingenuity," she said.
Riding the wave (144Kb) //
The Australian, 20 July 2012
Carnegie shares surged, possibly on the removal of the share overhang but also perhaps because of the signing of a power purchase agreement for its 2MW demonstration plant.
Taking Stock (94Kb) //
The Australian Financial Review, 19 July 2012
Wave power developer Carnegie Wave Energy have staged a turnaround since the carbon tax came in on July 1.
Channel 10 News (YouTube) //
Channel 10 News, Australia, 16 July, 2012
Carnegie’s Managing Director Dr. Michael Ottaviano talks to Channel 10's Michael Tetlow about the landmark wave energy agreement signed with the Australian Department of Defence.
Carnegie Wave Energy strikes electricity deal with Defence Department (199Kb) //
The Herald Sun, 16 July 2012
Shares in Carnegie Wave Energy spiked by nearly 24 per cent after the Department of Defence agreed to purchase all its electricity from the company's WA project.
Carnegie to supply power for HMAS Stirling (193Kb) //
The West Australian, 16 July 2012
Carnegie Wave Energy has struck a deal with the Department of Defence to supply power from its Perth Wave Energy Project to the HMAS Stirling Naval base on Garden ISland. Prime Minister Julia Gillard and Brand MHR Gary Gray visited Carnegie's North Fremantle research facility to announce the deal.
REH sells out of Carnegie Wave Energy (155Kb) //
The West Australian, 13 July 2012
UK based Renewable Energy Holdings has moved to sell of its 21 per cent stake in Carnegie by selling half its holding to a Melbourne-based private green investment vehicle distributing the balance of its holding to its shareholders.
CWE Welcomes New Major Shareholder (206Kb) //
Offshore Wind Biz, 13 July 2012
Carnegie advises that major shareholder Renewable Energy Holdings Plc has sold 53% of its shareholding via off market transfer to a small consortium of Australian investors led by 88 Green Ventures.
Ocean's Oscillation Powers Plant (119Kb) //
The Sunday Times, 24 June 2012
Carnegie'S Wave Energy site at Garden Island, about 5km off Rockingham, is set to be Australia's first commercial-scale grid-connected project to harness the energy of the oceans.
Surf's Up for Offshore Oil and Gas Workers (181Kb) //
PESA News Online, June 2012
Dr Ottaviano said that Australia could rival Scotland, which is attempting to capture the wave energy industry by virtue of its offshore engineering experience and good wave resources – and "we've got just as much, if not more, competent offshore engineering experience from the oil and gas industry and our wave resources are some 20 times greater than Scotland".
Up close with Michael Ottaviano (216Kb) //
EcoGeneration, May/June 2012
"Carnegie is building on more than $50 million of development spending for its CETO wave technology – Australia’s first wave project utilising an array of multiple wave energy units."
Sky Business News (YouTube) //
Switzer, Sky Business News Online, 29 May, 2012
Carnegie’s Managing Director Dr. Michael Ottaviano believes a price on carbon will increase the potential for clean energy opportunities and other new clean technologies.
Oh buoy, its swell (282Kb) //
The Weekend Courier, 4 May 2012
"WA has probably has the best wave resources of the rest of the world - it could conceivably power this state multiple times over." CEO Dr Michael Ottaviano said.
Capital key in halting export of ideas (118Kb) //
The Australian, 4 May 2012
"Garden Island is now the best place to do the project. We have got the world's best testing platform, we can prove that the technology works and use this as a base to expand from."
Funding puts Carnegie on crest of a wave (130Kb) //
The West Australian, 2 May 2012
The project will deliver Carnegie its first power sales revenues through the sale of electricity to Synergy and the Australian Department of Defence.
Renewables, Carnegie Grant (77Kb) //
Sydney Morning Herald, 2 May 2012
The funding comes on top of $5.5 million in funds from a previous grant, and $16 million in secured equity funding.
$9.9m for wave power (75Kb) //
Australian Financial Review, 2 May 2012
The Federal government announced $9.9 million in funding for one of Carnegie Wave Energy's projects.
Australia's Carnegie Wave Energy secures vital project funding (123Kb) //
Recharge News Online, 1 May 2012
Stock exchange-listed Carnegie is developing a 2MW pilot project in and around Garden Island, which it hopes will be the first grid-connected demonstration of its CETO technology.
WA Leads the Way (SMH) //
Sydney Morning Herald Online, 1 May 2012
Garden Island set to become home to Australia's first renewable wave energy project
Carnegie Wins Government Grant for Australian Wave Power Project(209Kb) //
Bloomberg New Energy Finance, 1 May 2012
Carnegie Wave Energy, a producer of technology to generate power from the sea, won a A$9.9 million grant from the Australian Government to build a project at Garden Island, off the country's west coast.
Hot Clean Tech Projects of 2012 (45Kb) //
Renew Economy, 25 January 2012
Wave Energy: Britannia appears to rule the waves (and the tides), with Scotland announcing plans to have 250MW of ocean capacity installed, and the UK establishing a marine energy reserve in Cornwall. Australia, though, has some of the best innovators. Foremost among these is Carnegie Wave Energy, which will develop its first grid-connected, commercial wave energy facility, a 2mW plus 3MW installation to be commenced this year.
Carnegie Wave Energy Pushing Forward (109Kb) //
offshoreWIND.biz, 20 January 2012
The Perth Project is set to be a revenue producing, grid-connected, commercial demonstration plant. The venture will have two stages, one with a peak rated capacity of 2MW and the second of 3MW.
Carnegie Wave raises $6 million in Oversubscribed Share Sale (109Kb) //
Bloomberg New Energy Finance, 4 January 2012
Proceeds from the sale exceeded the company's A$4 million target, according to a statement. The funds will be used as working capital during the commercial demonstration of its CETO wave energy converters.
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