QUARTER HIGHLIGHTS:
- MoorPower demonstrator deployed at Carnegie's North Fremantle offshore test site yields over 2000 hours of valuable operational data.
- Carnegie Technologies Spain, subsidiary of Carnegie Clean Energy, secures €2.1m($3.5m AUD) in funding from the Basque Government's Energy Agency (EVE) to advance the deployment of CETO technology through the ACHIEVE Programme.
- ACHIEVE Programme achieves significant milestones with CETO deployment berth reservation secured, EuropeWave authorisation to proceed (ATP)milestone passed, and receipt of three EuropeWave contract payments totalling €502k ($823k AUD)between March and April.
- Carnegie’s Mooring Tensioner for Wave Energy Converters (MoTWEC) project reaches testing milestone with over 1.5 million cycles completed.
- R&D tax refund of $620,703 for FY23 received
Carnegie’s CEO, Mr Jonathan Fiévez, commented on the Quarter:
The team has made significant strides this quarter. The MoorPower project is a prime example –our demonstrator's deployment and the data we're collecting prove this technology's ability to provide clean, reliable power to offshore industries. Our collaboration with the aquaculture industry on this project provides us with a clear opportunity to reduce their reliance on fossil fuels for offshore aquaculture operations.
The news of our substantial funding award from the Basque Energy Agency that supports the CETO ACHIEVE Programme showcases the international support for our deployment. This significant funding highlights the Basque Country's commitment to clean energy innovation and helps propels CETO along its commercialisation pathway. Securing our preferred deployment berth and passing the Authorisation to Proceed milestoneas part of the Europe Wave contract are further key accomplishments that validate our progress along the commercialisation pathway.
I'm grateful for the dedication of the Carnegie team, our strong partnerships, and the growing momentum of the wave energy industry. It is an exciting time for us to really start capitalising on the value that wave energy can provide to the global energy transition.
