Quarterly Update – Q4 FY21

HIGHLIGHTS

  • // 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

Carnegie in the spotlight at HPE Discover 2021

Carnegie had its place on one of the biggest stages in the tech calendar, alongside Hewlett Packard Enterprise CEO, Antonio Neri, delivering the opening keynote at the Discover 2021 conference.

“Hewlett Packard Labs is working with Carnegie Clean Energy to use AI to harness the power of the ocean waves for
renewable energy production” – Antonio Neri

Tens of thousands will have watched live as it launched in the US at 8am (Pacific Time) and hundreds of thousands will view it on-demand.

Thursday, June 24th 8 am – 9 am PT: Discover Day 3 Keynote
The Radical Rethink: Unconventional Ways to Unlock the Power of Data (KN4514)
From Hewlett Packard Labs and Office of the CTO with special guests:
Jonathan Fiévez, CEO, Carnegie Clean Energy & Keren Bergman, Charles Batchelor Professor of Electrical Engineering, Columbia University

Tuesday, June 22: On-Demand Breakout Session
Hewlett Packard Labs and Carnegie Clean Energy Revolutionize Wave Energy With Reinforcement Learning (B4365)
Speakers: Jonathan Fiévez, CEO, Carnegie Clean Energy and Paolo Faraboschi, Fellow and VP, HPE

Tuesday, June 22: On-Demand Demo Session
Hewlett Packard Labs and Carnegie Clean Energy Revolutionize Wave Energy With Reinforcement Learning (DEMO4367)
Speaker: Soumyendu Sarkar, Distinguished Technologist, HPE

Thursday, June 24, 10:30 – 11 am PT and 11:30 am- 12 pm PT:
Hewlett Packard Labs and Carnegie Clean Energy Revolutionize Wave Energy With Reinforcement Learning (DEMO4418)
Speakers: Vineet Gundecha, Systems Software Engineer, HPE and Soumyendu Sarkar, Distinguished Technologist, HPE

Advancing Australia TV Series Features Carnegie Clean Energy

Carnegie will be featured on Network 10’s Advancing Australia TV series hosted by Guy Pearce at 6.00 pm (Australian Time) this Saturday May 1, 2021 and repeated the following day, Sunday May 2 at midday. The 12 part Advancing Australia series explores Australian innovators generating change and working to make Australia and the world a better place.

After it airs, episode 5 featuring Carnegie should be available on the 10 Play website, app, etc. Sneak preview below.

Quarterly Update – Q3 FY21

The team has continued its focus on optimising the CETO system for the lowest cost and highest energy production by advancing and implementing the innovation streams previously highlighted, including intelligent control, hydrodynamics and system design, and advanced power take-off system. Significant strides have been made since the start of the Digital Development Pathway.

Click here to read the latest ASX Announcement

Carnegie’s Vision for New Wave Power Product Presented at the Blue Economy CRC Participants Workshop

Carnegie’s unveiled a vision for a new wave power product at the Blue Economy Cooperative Research Centre’s (BE CRC) Annual Participant Workshop in Brisbane, held on the 24th – 26th of March 2021.

The new product concept is a spin-off that incorporates aspects of Carnegie’s core CETO technology and know-how into a novel wave-powered system for use in offshore energy demand applications. The first market for this product may be aquaculture barges and vessels that require energy for offshore operations. As the aquaculture sector moves further offshore into highly energetic conditions, Carnegie’s new wave power product would address the challenge of securing clean and reliable energy and replace the diesel generation otherwise required.

Click here to read the ASX Announcement

Commencement of New International Collaborations

Carnegie’s two new international technical collaborations supporting continued advancement of the CETO power take-off (PTO) and mooring systems.

Wave energy developers Carnegie Clean Energy, CalWave Power Technologies, Marine Power
Systems (MPS)
, and Oscilla Power have entered into a Collaboration Agreement to undertake
a Joint Industry Project (JIP) to advance an innovative belt design that will support the
commercialisation of rotary PTO systems for CETO like wave energy converters.

Click here to read the latest ASX Announcement