18 Juli 2012
Key power supply for Navy use wave energy (image : Carnegie)
Wave energy developer, Carnegie Wave Energy Limited (ASX:CWE), is pleased to announce the signing of key agreements with the Australian Department of Defence unveiled today by the Australian Prime Minister, the Honourable Julia Gillard, and the Federal Member for Brand, the Honourable Gary Gray, at Carnegie’s Wave Energy Research facility at Fremantle, Western Australia.
Australian Department of Defence (Defence) and Carnegie have signed formal power supply and grid connection agreements for the Perth Wave Energy Project on
the base of HMAS Stirling, Australia’s
largest naval facility. These
agreements govern the exclusive purchase
of all the electricity generated from the Perth Wave
Energy Project and the connection of the wave project into the local HMAS
Stirling electrical infrastructure. Garden Island
The signing of this licence marks the end of a rigorous assessment process by Defence and symbolises their ongoing commitment to reducing their environmental footprint and supporting local industry. Whilst providing HMAS Stirling with a source of renewable green power, the project would also contribute to Defence and Commonwealth greenhouse gas reduction targets.Carnegie has been working with Defence since the signing of a Memorandum of Understanding in December 2008. Since then Carnegie has successfully demonstrated the CETO technology at large scale in the ocean offshore of
. At the same time, Carnegie has
significantly developed the Project
design and secured 50% government funding for the project. The Project received
funding from the Government of Western Australia through the Low Emissions
Energy Development Program as well as from the Australian Government as part of
the Emerging Renewables Program. Garden
CETO grid-connected, wave energy demonstration project.
Australian Federal and Western Australian State Government grants funding approximately 50% of Project costs.
Utilising Carnegie’s fully submerged and commercial proven CETO wave energy device.
Providing clean, renewable energy to
largest naval base, HMAS Australia
Island in Western Australia