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12 November 2020 – Carnegie is pleased to announce that it has executed a Memorandum of Understanding (MOU) with Oceantera, a project development company whose mission is to deliver clean, affordable and reliable energy to remote and island communities in South East Asia through responsible and sustainable development in collaboration with its partners and empowered local communities.

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27 October 2020 – Carnegie is very pleased to announce that we have been selected to receive a Microsoft AI for Earth grant to support a project that uses artificial intelligence (AI) to enhance the capabilities of Carnegie’s Wave Predictor and broadens its potential applications.  Carnegie’s project was chosen through a competitive global selection process.
We were granted the highest value award from AI for Earth which enables the team to build on Wave Predictor development work undertaken to date by enhancing the Wave Predictor’s capabilities and expanding the Wave Predictor’s range of applications.

 click here

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1 October 2020 – Carnegie is pleased to announce that the Blue Economy Cooperative Research Centre has awarded $850k of grant funding to support the Mooring Tensioner for Wave Energy Converters (MoTWEC) Project, a $1.6m project led by Carnegies with partners Advanced Composite Structures Australia, University of Queensland and ClimateKIC representing the Australian Ocean Energy Group.

For the latest ASX Announcement

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24 September 2020 – Carnegie has released a new video about the Wave Predictor that has been developed by the internal technical team and recently tank tested in Spain. The short video offers a high level explanation of what it does for CETO and how it may be attractive to other industries. The technology was also explained during a recent webinar presentation that was hosted by the Blue Economy CRC.

See the video here and the ASX announcement for the full story.

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23 July 2020 – Carnegie is excited to announce that the Wave Testing Campaign was successfully completed on Tuesday the 21 July 2020. With funding support from the European Marinet2 programme we were able to undertake a tank testing campaign to validate our Wave Predictor. As described in our previous announcement, the test took place in Cantabria, Spain and was completed without Carnegie being able to attend due to COVID-19 constraints.

See the ASX Announcement.

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10 June 2020 – Carnegie is pleased to announce its involvement in four short-term scoping projects recently awarded funding by the Blue Economy Cooperative Research Centre (BECRC). The BECRC is coordinating a $300m+ programme to advance Australia’s blue economy in the areas of seafood production, marine renewable energy and offshore engineering. These projects involve collaboration between industry and academia and will serve to guide the BECRC’s future work programme and funding allocations.


See the ASX Announcement here

Go to the Blue Economy CRC project page here

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20 March 2020 – Carnegie would like to advise that while many of our team are now working remotely, we continue to work as hard as ever on developing our CETO technology. We are fortunate that our current business efficiency remains materially the same under these circumstances thanks to our digital development approach but future work, physical testing in particular, may be affected. Contact by phone, email and website remains fully functional to keep us connected with shareholders, stakeholders and our business community.

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20 September 2019 – Carnegie has been featured in the latest issue of Underwater Technology Three (UT3). This industry magazine has a large international readership and covers advanced marine technology from all sectors.


You can find the article on the UT3 website

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13 September 2019 – Carnegie’s 2 MW PV solar array on Garden Island has now generated over 200 MWh of clean renewable energy. The power produced is consumed directly by the island’s main resident, Australia’s largest naval base, HMAS Stirling.


Further information was provided in this corporate update.

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11 September 2019 – The 13th European Wave and Tidal Energy Conference (EWTEC) held in Naples at the start of September was sponsored by Enel Green Power (EGP). At the conference, the CEO of EGP, Antonio Cammisecra reminded the audience of why Enel is invested in marine energy: “Stable, predictable and always available: marine energy has enormous potential distributed evenly around the world. Enel Green Power continues to explore the marine energy sector in search of effective, competitive and scalable technologies to transform tides and waves into sustainable energy”.

Head of Innovability at EGP, Giovanni Tula commented on the integration of wave energy saying: “Marine energy will be a fantastic complement to other renewable energy sources (solar, hydropower and wind) and will be a key element for the energy transition of the near future”.


See Enel Green Power’s website for more.

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EGP’s Head of Innovability (left) and CEO (right) at the EWTEC. Credit: EGP