19/01/2009 - 09:58

Carnegie in deal with Defence force

19/01/2009 - 09:58

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West Perth-based Carnegie Corporation has entered into a preliminary agreement with the Department of Defence to investigate the feasibility of a wave energy facility at Garden Island off Western Australia.

Carnegie in deal with Defence force

West Perth-based Carnegie Corporation has entered into a preliminary agreement with the Department of Defence to investigate the feasibility of a wave energy facility at Garden Island off Western Australia.

Carnegie said it believed there is sufficient wave energy potential offshore from Garden Island to develop a wave energy project harnessing energy from the ocean to generate electricity and / or desalinated water using the CETO wave energy technology.

A Wave Energy Facility would initially be used for testing commercial scale CETO units as part of the commercial demonstration phase. This could, in the future, provide Defence on Garden Island with a standalone, sustainable, clean source of electricity and / or fresh water.

"There is an inexhaustible renewable resource off Garden Island and it makes sense for Carnegie and Defence to investigate using wave energy to power the naval base located there," Carnegie managing director Michael Ottaviano said.

The CETO technology uses submerged units anchored to the sea floor that move with the motion of passing waves, driving the pumps which in turn pressurise seawater that is delivered ashore through a pipeline.

Shares in Carnegie climbed one cent to 11c at 12:14 AEDT.

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