Carnegie is pleased to announce that subsidiaries CETO Wave Energy Ireland and Carnegie Technologies Spain have entered a contract with the Biscay Marine Energy Platform (BiMEP) for the installation and testing of the CETO wave energy technology at the BiMEP site under the ACHIEVE Programme. Building on the previously signed Berth Reservation Agreement, this contract finalises key terms for the installation, operation and decommissioning of CETO at the BiMEP site over two years. BiMEP will provide access to infrastructure at sea (such as berth mooring area, submarine power cable, subsea electrical connector and fiber optics cables) and infrastructure on the...
Carnegie has secured an Export Growth Bond Facility (facility) with Export Finance Australia (EFA). EFA, the Australian Government's official export credit agency, helps Australian businesses expand and advance projects internationally by offering bond solutions to Australian exporters.EFA will provide advanced payment guarantee bonds that enable Carnegie Technologies Spain to draw down grant payments for the ACHIEVE Programme’s CETO deployment at the Biscay Marine Energy Platform (BiMEP) in the Basque Country. The Company has signed an Offer Letter and General Security Deed for this facility. To view more details on the ACHIEVE Programme and the EFA Bond Facility: CLICK HERE FOR THE FULL ASX...
Carnegie is pleased to announce a two-year extension of its collaboration agreement with Hewlett Packard Enterprise (HPE), a global leader in information technology. This partnership focuses on advancing Carnegie's CETO wave energy technology by bringing together HPE's expertise in artificial intelligence and high-performance computing with Carnegie’s expertise in wave energy control and operations. The companies have been working together since 2020, with HPE's research group, Hewlett Packard Labs, playing a key role. The agreement between Carnegie and HPE is for an additional two years, to 15 November 2026. All other terms and conditions of the agreement remain in effect. Learn...
Keynote by Antonio Neri (HPE) and Jensen Huang (NVIDIA) talked about the significance of AI including collaboration with Carnegie on CETO’s AI based controller during first ever keynote at Sphere (Las Vegas)Carnegie CEO Jonathan Fievez presented at HPE Discover 2024 on panel of AI leaders discussing the transformative potential of generative AI and supercomputing in the clean energy sectorCETO animation on loop and CETO model wave tank demonstration at entrance of HPE Discover Showcase to 14,000 industry professionals in attendance, providing incredible exposure of our CETO wave energy converterCarnegie is collaborating with HPE to implement an AI-based controller for CETO,...
MoorPower redeployed for winter and generating electricity! Yesterday’s calm seas provided the ideal conditions for the redeployment of our MoorPower Demonstrator in North Fremantle, Western Australia. Building on the successful validation completed during the initial deployment phase, this next phase will gather further data that reinforces that design and modelling validation work. We've also upgraded the MoorPower system with extra sensors to capture even more valuable data. This deployment will deliver additional evidence of MoorPower's commercial readiness, as winter brings the increased and varied wave conditions we expect to see in commercial deployments. Read the full ASX release here Carnegie's...
Carnegie Clean Energy recently hosted an Investor Webinar showcasing our CETO and MoorPower wave energy technologies, commercialisation pathways and strategies. CEO Jonathan Fiévez and Chairman Terry Stinson provided insights into the company's strategy, recent progress, and future outlook. Investors also had the opportunity to engage in a live Q&A session. A recording of the 30 minute webinar is available for those who missed the live event below, alternatively view the presentation slides HERE https://vimeo.com/955692404?share=copy
