Search results for: Carnegie

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25 November 2015 Business & Finance

Carnegie Wave Energy Limited (CWE) has completed an oversubscribed AUD 7.5 million capital raise to continue the commercialisation of its CETO technology. Carnegie announced on 3 November that it had initiated a capital raising of AUD 5 million via a Share Purchase Plan with capacity to accept oversubscriptions. In accordance with the offer documents and in […]

16 November 2015

Wave energy developer Carnegie Wave Energy Limited (CWE) has been recognised as Innovator of the Year by the Banksia Foundation in its annual Sustainability Awards ceremony in Sydney on Friday night. Carnegie was recognised as a national leader in the innovation and sustainability sectors for its Perth Wave Energy Project. Carnegie's Chief Financial Officer, Mr Aidan […]

29 October 2015 Authorities

Carnegie Wave Energy has signed a Memorandum of Understanding with Western Australian Government power utility Western Power to deliver a world first renewable energy island microgrid project. The Garden Island Microgrid Project (GIMG) will consist of the CETO 6 Project currently in progress and the existing reverse osmosis desalination plant currently operating on Garden Island but will add an […]

23 October 2015 Technology

Carnegie Wave Energy Limited (CWE) has announced that the world’s first wave energy powered seawater reverse osmosis desalination plant is fully integrated and operational. Carnegie’s desalination pilot plant on Garden Island (co-located with the Perth Wave Energy Project) was commissioned off the electricity grid earlier this year, and is now fully integrated with the CETO wave energy power plant, meaning […]

16 October 2015

Wave energy developer Carnegie Wave Energy Limited (CWE) has completed the conceptual design phase of its CETO 6 Project at Garden Island. The CETO 6 concept design is the culmination of work commenced in 2012 and incorporates lessons learnt from the Perth Wave Energy Project, recent wave tank testing in Scotland, internal design and modelling studies […]

17 September 2015

MathWorks has announced that Carnegie Wave Energy used Model-Based Design, MATLAB and Simulink, to design and build the world’s only operating wave farm. As part of the Perth Wave Energy Project (PWEP), Carnegie needed to demonstrate the viability of its CETO technology, which generates power from ocean swells via submerged buoys. Engineers needed to analyze loads […]

8 September 2015 Operations & Maintenance, Technology

Carnegie Wave Energy has demonstrated the ability to swap CETO units during plant operation by retrieving the second CETO 5 unit and deploying CETO unit #1 in its place last week. The retrieval of the second CETO 5 unit was informed by lessons learnt during the retrieval of the first CETO 5 unit earlier this year. As with […]

7 September 2015

Carnegie Wave Energy Limited has signed a Collaboration Agreement with the Mauritius Research Council (MRC) to explore opportunities for commercial wave energy plants in Mauritius. Following on from the recently announced MOU with the Government of Seychelles, the collaboration agreement focusses on identifying the opportunities and development pathways for commercial wave energy plants in Mauritius, including their integration […]

4 September 2015

Carnegie Wave Energy Limited has signed a Memorandum of Understanding (MoU) with the Republic of Seychelles to investigate commercial wave and microgrid opportunities. The agreement focusses on identifying the opportunities and development pathways for commercial wave energy plants on the Seychelles, as well as potential microgrid opportunities that would enable CETO wave farms to be integrated into the […]

19 August 2015

Offshore geophysical site surveys and associated data analysis have been completed at Carnegie Wave Energy's CETO 6 Project at Garden Island. The geophysical survey activities used a number of different methods, including single and multi-beam echo sounding, side scan sonar and sub-bottom profiling to determine the composition and features of the seabed across the potential […]

18 August 2015

Carnegie Wave Energy Limited has been named as one Australia’s 50 Most Innovative Companies by Business Review Weekly (BRW). Carnegie was selected from over 500 entries by a panel of industry experts. Other companies selected in the top 50 included:- financial management software firm MYOB, sporting club Collingwood Football Club, real estate group Mirvac and product development consultancy Planet […]

15 July 2015 Technology

Carnegie Wave Energy (CWE) was presented with the Clean Energy Council Innovation Award for its CETO technology. The winners of the Clean Energy Council Industry Awards were announced on July 15 at the Australian Clean Energy Summit Gala Dinner in Sydney, Australia. Clean Energy Council Chief Executive Kane Thornton said innovative new renewable energy projects continued […]

10 July 2015 Technology

Australian wave energy developer Carnegie Wave Energy Limited (CWE) has been selected as a finalist in the Clean Energy Council’s (CEC) Industry Awards. Carnegie was selected as a finalist in the Innovation category by the CEC, and was highlighted as a pioneer of the Australian wave energy industry for its Perth Wave Energy Project. The […]

7 July 2015

Carnegie Wave Energy Limited has welcomed the adoption of a draft report by the European Commission for the Environment, Climate Change and Energy of the Committee of the Regions (CoR) confirming the important contribution the ocean energy sector will make to the future energy needs of the European Union. By providing a reliable and predictable renewable energy source, ocean […]

5 June 2015 Business & Finance

Wave energy developer Carnegie Wave Energy Limited has received approval for $1.5 million in milestone payments from the Australian Renewable Energy Agency (ARENA) for completion and deployment of the CETO units and commissioning of the Perth Wave Energy Project (Perth Project).  Carnegie will receive milestone payments from ARENA of $1.5m for the manufacture, completion and deployment of the […]

20 May 2015 Operations & Maintenance

Carnegie Wave Energy Limited reported this morning that the first of its CETO 5 Units has been retrieved after over 4,000 hours of operation and over 8,500 across all three Units. The retrieval was completed on the first attempt by using its hydraulic “quick connect” technology to disconnect the Unit from the seabed foundation. The […]

14 May 2015 Technology

Subsea Riser Products Ltd (SRP), an Acteon company, has completed the third and final installation using the SRP Rocksteady™ mooring connector for the Perth Wave Energy demonstration project, offshore Western Australia. Summarising the original sourcing decision, David Kessel, Carnegie supply chain and IMS manager, said: “As part of the ground-breaking Perth Wave Energy Project, a […]

11 May 2015 Business & Finance

Carnegie Wave Energy Limited appointed Jeffrey Harding to the role of Chairman of the Board of Directors. Former Chairman, Mr Grant Mooney, will remain as a Non-Executive Director and continue in the role of joint Company Secretary. On his appointment as Chairman, Harding said: “I am delighted to be taking on the Chairman’s role at […]

20 April 2015 Authorities, Business & Finance

Australian renewable energy company, Carnegie Wave Energy, has received a AUD 1.3 million payment from the Australian Renewable Energy Agency (ARENA) for completion of the onshore power plant for the Perth Project. As previously announced on 21 January 2015, Carnegie received AUD 0.05 million for completion of the onshore plant through the WA Government’s LEED fund. […]

15 April 2015 Business & Finance

Carnegie Wave Energy Limited (CWE) has signed a Collaboration Agreement with Fundación Chile (FCH) to assess the potential for commercial wave energy plants capable of producing electrical power and desalinated water in Chile and Peru. Additionally, Carnegie is now a partner with Fundación Chile in the Valparaiso Regional Government’s Innovation Fund of Competiveness (FIC), aimed at […]

26 March 2015 Business & Finance, Technology

Carnegie has agreed terms to act as the as exclusive agent for MAK Water’s products throughout the South American market. Carnegie has been active in desalination development for some years having first produced zero-emission desalinated water from earlier CETO prototypes and now from its desalination plant on Garden Island. The desalination plant is currently running […]

26 March 2015 Business & Finance, R&D

Wave energy developer Carnegie Wave Energy Limited (CWE) has provided an update to its activities in South America. Carnegie has been investigating opportunities in South America generally and Chile specifically in the past years through its local 100% owned subsidiary, CWE Chile. According to the company, Chile is one of South America’s fastest growing and strongest […]

12 March 2015

Carnegie Wave Energy Limited's (CWE) third and final CETO 5 wave energy unit has been successfully installed and is operating at its Perth Wave Energy Project site off Garden Island, Western Australia. The third CETO 5 unit was installed successfully at the project site last Saturday and has since been operating alongside the two other […]

5 March 2015 Authorities, Business & Finance, Technology

Michael Ottaviano, Managing Director of Carnegie Wave Energy, has urged Australian politicians to set up a clear policy when it comes to renewable energy target (RET).  Australia has a target set at 20% of renewables in its energy mix by 2020. However, it looks like now that 20% would amount to much more in terms of […]

27 February 2015 Technology

A desalination plant on Garden Island in Western Austratia has been successfully commissioned off electricity and is now supplying freshwater to the Department of Defence, Carnegie Wave Energy Limited (CWE) informed today. The Desalination Pilot Plant has been commissioned off electricity in advance of its connection to the CETO system, where it will be powered […]

18 February 2015 Grid Connection, Technology

Australian renewable energy developer, Carnegie, formally opened its Perth Wave Energy Project today. The Perth Project was officially “switched-on”  by Federal Minister for Industry and Science, the Hon Ian Macfarlane MP and the Commanding Officer of HMAS Stirling, Captain Angela Bond. The Australian Department of Defence is the purchaser of all of the Project’s power for use on Garden Island […]