EUROPEAN SUPPORT FLOWS IN FOR AUSTRALIAN WAVE POWER

31-07-2018

Enel Green Power (EGP) is set to invest Eur1 million (AU$1.6 million) in the research, development and deployment of Carnegie Clean Energy’s CETO wave energy technology.

As pert of a new collaborative agreement between the two companies, EGP will also join the Carnegie technical advisory committee member and that of the Wave Energy Research Centre run by the University of Western Australia with support from the WA State Government.

Enel Green Power is a global leader in renewable energy with a presence in Europe, the Americas, Asia, Africa and Oceania. It manages around 42,000MW of renewable energy plants across wind, solar, geothermal and hydropower, and is expert at integrating innovative technologies into renewable power plants.

The new deal will see Carnegie and EGP collaborate on the development and testing of the CETO technology, the Albany Wave Energy Project and future CETO projects. The two companies will also collaborate to identify, develop and invest in opportunities for CETO across Australia, in Europe and elsewhere worldwide.

According to Carnegie Managing Director, Dr Michael Ottaviano: “Wave energy remains the last great untapped renewable resource globally. Like all power technologies, its commercialisation requires the collaboration and consistent commitment of innovators, governments, research and industry leaders of the likes of Enel Green Power.”

RELATED NEWS

  1. In a boost to Tasmania’s advanced manufacturing industry, 12 local companies will share in almost $865,000 in funding as part of the Advanced Manufacturing Accelerating Growth Grants program.
    Tasmania’s advanced manufacturing sector is our fifth largest industry, and is growing in capacity and...
  2.  
    A brand partnership has been formed between RS Components and CRC Industries Australia - a renowned manufacturer of high quality aerosol and bulk lubricants.
    This cooperation is a natural partnership for RS Components, who will now be providing CRC products as a part of its overall offering to...
  3. North Geelong glass manufacturer Viridian Glass is producing 220 panes of architectural glass for the $140 million redevelopment of Geelong Arts Centre.
    Minister for Creative Industries Danny Pearson said, “When local creativity and local industry come together, great things can happen. Geelong...