WA has launch of first commercial wave energy project in Australia

Built by Carnegie Wave Energy Limited, this commercial demonstration project will have a peak installed capacity of 5MW, generating sufficient power for around 3,500 households. The Project is forecast to create 30 jobs and save over 500,000 tonnes in greenhouse gas emissions over the life of the project. The project will utilise Carnegie's $12.5 million LEED grant from the Western
Australian Government announced earlier this year. Detailed cost and design activities
associated with Stage 2 will be undertaken during 2010 with construction and
commissioning scheduled for 2011.

The primary aim of the project is to demonstrate the CETO technology in

Commercial operation for the first time however, it will also deliver Carnegie its first project based revenues from the sale of power.

This CETO (From the Greek word for sea monster) system distinguishes itself from other wave energy devices by operating out of sight and being anchored to the ocean floor. An array of submerged buoys is tethered to seabed pump units. The buoys move in harmony with the motion of the passing waves, driving the pumps which in turn pressurise water that is delivered ashore via a pipeline. High-pressure water is used to drive hydroelectric turbines, generating zero-emission electricity. The high-pressure water can also be used to supply a reverse osmosis desalination plant, replacing greenhouse gas emitting electrically driven pumps usually required for such plants.

CETO Technology characteristics include:

  •  CETO converts wave energy into zero-emission electricity and desalinated water
  •  CETO is environmentally friendly, has no visual impact and attracts marine life
  •  CETO is fully submerged in deep water away from popular surf breaks

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Read more about the technology & watch videos at the company website.

Buy shares  ASX Code CWE


Posted by: Andrew
Company: Noble & Associates
Phone: 61894007400
Posted On: 1/1/0001
Contact via email: andrew@nobleaccounting.com.au
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