Carnegie achieves success with its wave energy project
The ground-breaking CETO 5 Perth Project has completed 12 months of operations. The Western Australia (WA)-based company, Carnegie Wave Energy, has successfully completed a full year of operating its innovative CETO 5 Perth Project, which marks the completion of its final milestone, which was one of the requirements for its many state and federal government grant funding agreements. The company has submitted all CETO 5 grant milestone invoices. The company officially turned on its onshore power station for its Perth Wave Energy Project 12 months ago. This marked the launch of the first commer…
The ground-breaking CETO 5 Perth Project has completed 12 months of operations.
The Western Australia (WA)-based company, Carnegie Wave Energy, has successfully completed a full year of operating its innovative CETO 5 Perth Project, which marks the completion of its final milestone, which was one of the requirements for its many state and federal government grant funding agreements.The company has submitted all CETO 5 grant milestone invoices.
The company officially turned on its onshore power station for its Perth Wave Energy Project 12 months ago. This marked the launch of the first commercial-scale grid-connected wave energy array in the world and the first time wave-generated power was fed into the grid in Australia. Now, one year later, Carnegie has announced that it has submitted all grant milestone invoices, a total of AU $955,043, to the Government of Western Australia’s Low Emissions Energy Development fund and the government’s Australian Renewable Energy Agency (ARENA). In addition, the company has met every requirement of its LEEd funding agreement and received 100 percent of the grant payment from the WA government.