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CARNEGIE WAVE ENERGY LTD - ASX: CWE
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Description
Carnegie Wave Energy Limited (ASX:CWE) is focused on developing and commercialising its 100% owned CETO wave energy technology which is capable of producing zero-emission power and direct desalinated water.
Perth Wave Energy Project, Western Australia
Stage 1 which has already commenced involves the manufacture, deployment and testing of a single commercial-scale autonomous CETO unit off Garden Island. For this stage, the CETO unit is not connected to shore but is stand-alone and autonomous providing telemetric data back to shore for confirmation and independent verification of the units’ performance.
Stage 2 of the project involves the design, construction, deployment and operational performance evaluation of a grid-connected commercial-scale wave energy demonstration project at Garden Island, Western Australia. The facility will consist of multiple submerged CETO units in an array, subsea pipeline(s) to shore, hydraulic conditioning equipment and an onshore power generation facility.
La Réunion Wave Energy Project
The Réunion Island project is the first Joint Venture (JV) project between Carnegie and EDF Energies Nouvelles under the terms of their CETO Power JV and licence agreement. The project will initially consist of the deployment of a single, autonomous commercial scale unit (stage 1) which will be followed by a 2MW plant (stage 2) and a further expansion of the project to a nominal 15MW installed capacity (stage 3). Stage 1 of the project has been awarded $5M of French Government funding.Ireland Wave Energy Project
Carnegie has signed a formal funding and collaboration agreement with the Irish Government's Sustainable Energy Association (SEAI) for a $215,000 project to evaluate potential CETO wave sites in Ireland and develop a site specific conceptual design. The project is 50% funded by the SEAI and 50% by Carnegie and forms the first phase of detailed design for a potential 5MW commercial demonstration project in Irish waters. The project will be managed through Carnegie's Irish subsidiary, CETO Wave Energy Ireland Limited.Mine For
wave energy
Location of operation(s)
Western Australia, France, Ireland
Address
1/16 Ord Street
WEST PERTH, WA, Australia
Phone
+61 8 9486 4466
Website
Last Updated
19/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
