News: Carnegie Wave Energy starts exporting electricity from wave power project

Carnegie Wave Energy (ASX:CWE) has formerly started exporting electricity from its Perth Wave Energy Project into the state electricity grid at HMAS Stirling, Australia’s largest naval base.
   
The project was officially “switched-on” today by Federal Minister for Industry and Science Ian Macfarlane and the Commanding Officer of HMAS Stirling Captain Angela Bond.

All power produced from the project is purchased by the Australian Department of Defence for use on Garden Island.

Carnegie’s CETO technology moves with the waves to drive tethered seabed pumps to generate electricity and operates under water, providing protection from storms and corrosion.

Wave energy is an abundant and consistent source of clean energy with the CETO 6 Garden Island site recording waves above 1m for 93% of the time and Albany, exposed to the Southern Ocean in the South West of Western Australia, for 100% of the time.

The CSIRO has also estimated that wave energy is at least three times more predictable than wind.

Carnegie’s CETO 6 project is currently in the design phase and will feature the largest CETO units yet with a targeted capacity of some four times CETO 5 buoys.

It is supported by some $11 million in Federal Government ARENA funding and by a $20 million debt facility from the Australian Government’s Clean Energy Finance Corporation.

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