CETO selects Carnegie for the European Wave Energy Deal

Carnegie Clean Energy has been selected for the EuropeWave Pre-Commercial Procurement (PCP) through its subsidiary CETO Wave Energy Ireland Limited.

FREMONT, CA: Under the EuropeWave Pre-Commercial Procurement (PCP) program via its subsidiary CETO Wave Energy Ireland Limited, has selected the Australian wave energy tech firm Carnegie Clean Energy to receive this contract. A competitive stage-gate program, the EuropeWave PCP, was developed to address the challenge of advancing promising wave energy converter systems to a point from which they can be progressed to commercial exploitation through other national/regional programs and/or private investments. To deliver Phase 1 of this program, six companies alongside CETO Wave Energy Ireland were selected after meeting rigorous selection criteria which included the survivability, availability, performance, and affordability characteristics of the proposed systems.

This EuropeWave PCP is a collaboration that will run from 2022 to 2026 with almost 20 million Euros in funding for the three phases of the program, between a subsidiary of the Scottish Government's Highlands, Wave Energy Scotland (WES), and Islands Enterprise, the Basque Energy Agency (EVE). For delivering Phase 1 activities that include undertaking tank testing and providing a CETO concept design for deployment at the open-water facilities of the Biscay Marine Energy Platform (BiMEP) in the Basque Country and the European Marine Energy Platform (EMEC) in Scotland in Phase 3, the CETO Wave Energy Ireland will be paid 291000 euros. 

Phase 1 started on January 3rd, 2020, and ran for seven months. A completely submerged, point absorber-type wave energy technology is termed Carnegie's CETO. Below the surface of the ocean, this submerged buoy is situated a few meters, where it will move along with the ocean's waves. The orbital motion generated by these waves' movements will drive the power take-off (PTO) system which will then convert this motion into electricity. Europe and the United Kingdom are the key driving forces behind the application of wave energy, with various investments and support mechanisms in place.