Carnegie receives $10m fillip

01/05/2012 - 14:30

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Carnegie receives $10m fillip
Carnegie managing director Michael Ottaviano.

Carnegie Wave Energy has received close to $10 million in federal government funds to continue developing its wave energy technology.

Resources and Energy Minister Martin Ferguson was on hand at Carnegie’s facility in North Fremantle today to announce the grant.

The grant will allow detailed design work to commence and further community consultation.

“This $31 million pilot project will demonstrate the potential for Carnegie’s Australian invented and owned CETO technology to provide up to two megawatts of energy to the electricity grid,” Mr Ferguson said.

“This technology not only has the potential to increase investor confidence in wave projects and help unlock Australia’s untapped wave energy resource, but it could also produce zero emission desalinated seawater, which on a dry continent such as Australia, is a significant additional attraction.”

The state government is providing $5.5 million for the first stage of the project.

Member for Fremantle Melissa Park said she anticipated that power could be delivered into the grid by the end of next year. 

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