Category: News

Carnegie, via its wholly owned subsidiary, CETO Wave Energy Ireland Limited, has been selected as 1 of 7 contractors to deliver Phase 1 of the €20m EuropeWave Pre-Commercial Procurement (PCP) Programme, a competitive programme to advance wave energy.

Carnegie has been awarded €291k (A$463k) for Phase 1 to deliver a CETO tank testing campaign and a CETO concept design for sites in Scotland and the Basque Country, subject to contract signing. Phase 1 will commence on 3rd January 2022 and run for 7 months.

The EuropeWave project has received funding
from the European Union’s Horizon 2020 Research and Innovation Programme under grant agreement No 883751.

With almost €20 million in funding for the 3 phases of the programme, which runs from 2022 to 2026, the EuropeWave PCP is a collaboration between Wave Energy Scotland (WES), a subsidiary of the Scottish Government’s Highlands and Islands Enterprise and the Basque Energy Agency (EVE).

Europe and the UK are driving forces behind the adoption of wave energy with several investments and support mechanisms underway. EuropeWave PCP’s objective is to accelerate the development of cost-effective wave energy converter systems that can survive in the harsh ocean environment, and ultimately EuropeWave PCP will contract three of the Phase 1 contractors to deploy their prototypes at BiMEP or EMEC in Phase 3.

The selection of subsequent Phase 2 (€600k) and Phase 3 (€3.75m) EuropeWave PCP contracts will be based on competitive selection within the contractors.

CETO Wave Energy Ireland will deliver Phase 1 of the PCP with an impressive team including its consortium partner SAITEC Offshore Technologies and subcontractors Yavin Four Consultants, DNV UK Ltd, IHCantabria and Julia F. Chozas Consulting Engineer.

The contract is a strong third-party validation of CETO’s technical and commercial potential and strongly aligns with the Company’s strategic objectives.

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.

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.

Webinar

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

Carnegie has featured in a Three Part Series hosted by Daisy McAndrew’s and other special guests were Paolo Faraboschi and HPE Fellow, AI Research Lab; at Hewlett Packard Labs; Mark Stickells, Executive Director for Pawsey Supercomputing Centre; and Miranda Taylor, CEO of National Energy Resources Australia;

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 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.

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 24^th 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

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.