CETO Wave Energy Ireland awarded €45k funding for WECHULL+ Project

Carnegie Clean Energy Ltd (ASX: CCE) is pleased to announce the successful award of €45,238 in funding to its wholly owned subsidiary, CETO Wave Energy Ireland (CWEI), for its integral role as an industry partner in the WECHULL+ Project. This initiative, led by the Research Institute of Sweden (RISE), is dedicated to the investigation and testing of an innovative concrete material specifically tailored for application in wave energy converters (WECs).

The project, funded by the Sustainable Energy Authority Ireland (SEAI) under the European Clean Energy Transition Partnership (CETP), brings together a consortium of European entities, including Delft University of Technology (Netherlands), Ocean Harvesting Technologies (Sweden), Gdansk University of Technology (Poland), SolarDuck (Netherlands), Plataforma Oceánica de Canarias (Spain), Pekebex (Poland), and CWEI. The collaboration seeks to minimize the environmental impact of materials, enhance WEC hull manufacturing, scale up production, and reduce costs.

RISE will lead the consortium, which will leverage the technical and research expertise of all partners, with CWEI offering both funded and in-kind support. CWEI has signed the Funding Agreement with SEAI and the Consortium Agreement with the WECHULL+ Consortium, marking the official commencement of the project.

CWEI’s funding will empower the subsidiary to provide technical advice based on the application of the novel concrete material to CETO technology. The project will be instrumental in developing alternative materials for future deployments of CETO, Carnegie’s proprietary wave energy converter.

“A CETO buoy made of concrete rather than steel has the potential to be cheaper, easier to manufacture in remote locations, require zero maintenance and last longer than the life of the project. We are excited about the opportunity to contribute to the WECHULL+ Project which will work toward these outcomes with a novel, sustainable concrete”  – Jonathan Fiévez, CEO

This strategic initiative aligns with Carnegie Clean Energy’s commitment to advancing ocean energy technologies and underscores its position as a leader in sustainable energy solutions.

To view the full ASX announcement click the following link: https://www.carnegiece.com/wp-content/uploads/2023/12/231214-ASX-CCE-WECHULL-Award.pdf