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.”