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.
The Carnegie team has made excellent progress in the last quarter as you’ll see below. We’re also not expecting the 5-day coronavirus constraints to materially affect the work underway. Remote working proved to be effective during the early part of last year.
Carnegie’s Garden Island Microgrid has resumed normal operations following the temporary disconnection required by the Department of Defence due to electrical upgrade works being undertaken on HMAS Stirling.
Department of Defence (Defence) is undertaking a significant electrical system upgrade as part of the HMAS Stirling Redevelopment Stage 3A Project. As part of this Project, the point of connection for Carnegie’s 2MW solar PV and 2MW/0.5MWh battery system underwent a significant refurbishment by Defence.
Carnegie has signed a Collaboration Agreement with Hewlett Packard Enterprise Company (HPE) in which the parties will work collaboratively on a project to develop a reinforcement learning based controller for the CETO wave energy technology.
Carnegie 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.