Carnegie Launches MoorPower Project

Carnegie has been awarded funding and launched MoorPower a Scaled Demonstrator project in conjunction with prominent research institute, the Blue Economy Cooperative Research Centre (Blue Economy CRC). MoorPower™ is a CETO derived wave energy product designed for moored vessels and offers a solution to the challenge of securing clean and reliable energy for offshore activities, reducing reliance on diesel generation. The initial target market for MoorPower™ is offshore vessels such as feeding barges for the aquaculture sector, but the future market is broader and includes the many other offshore operations that require energy.

Impression of the MoorPower™ system aboard a feeder barge

Over the next 2 years, Carnegie will design, install and operate a scaled demonstrator of the MoorPower™ technology just offshore from its headquarters and research facility in North Fremantle, Western Australia. This $3.4m MoorPower™ Scaled Demonstrator project will be delivered with funding support from the Blue Economy CRC and in close collaboration with a consortium of partners including two of Australia’s largest aquaculture companies, Huon Aquaculture and Tassal Group. Academic and industry partners include DNV GL Australia, Advanced Composite Structures Australia, University of Tasmania, Climate KIC/Australian Ocean Energy Group, AMC Search and University of Queensland. The project is supported by $1.35m cash from the Blue Economy CRC, $265k cash from Carnegie and $1.8m of in-kind support from all the project partners.


Together with the Blue Economy CRC, Carnegie conducted a webinar on the launch of the new MoorPower™ Scaled Demonstrator Project on Friday the 22nd of October 2021. The recording for the webinar is now available, courtesy of the Blue Economy CRC:

Quarterly Update – Q4 FY21


  • // CETO Digital Development Programme achieving good progress towards cost reduction and performance targets to support CETO commercial pathway
  • // Launched new spin-off product vision for a wave powered system for the aquaculture sector and other industries
  • // Advanced Controllers achieving significant improvements with preparations underway for wave tank testing at the end of the year to validate Advanced Controller performance
  • // Mooring Tensioner composite material testing commenced
  • // Power Take-Off (PTO) hardware optimised to leverage new Advanced Controller capabilities
  • // Carnegie featured as part of Hewlett Packard Enterprise premier business event – HPE Discover 2021
  • // $1,000,000 sale of Carnegie’s legacy Higginsville gold royalty (post quarter end)
  • // $465,000 cash received from the exercise of options
  • // Reached over 3 GWh of energy generation at Garden Island Microgrid

Click here to read the full ASX Announcement