Carnegie Clean Energy, a global technology leader, is advancing its wave energy technology to accelerate the world’s transition to clean, reliable, and cost-competitive electricity. The company’s core wave energy technology, CETO, is designed to harness the vast, untapped potential of ocean waves to deliver 24/7 emission-free electricity across utility-scale grids, remote island communities, and offshore maritime operations.
Material actions and disclosures
Carnegie’s CETO technology is a unique, fully submerged, point absorber type wave energy technology. A submerged buoy sits a few metres below the surface of the ocean and moves with the ocean’s waves, driving a power take-off (PTO) system that converts this motion into electricity. Submerged operation gives CETO two distinct advantages: zero visual impact and storm survivability. Buoys can be actively lowered to deeper, calmer waters during extreme sea states while maintaining safe energy capture. Modular and scalable, CETO is engineered for diverse commercial applications, from unlocking energy autonomy for island networks and coastal industry to utility-scale arrays feeding power directly into national grids.
Carnegie’s MoorPower technology offers a sustainable alternative to conventional diesel generators, typically used for energy-intensive offshore operations. MoorPower can be deployed on a range of moored vessels and is designed to integrate with other offshore renewable energy systems. The system is specifically designed to integrate into moored vessels, using moorings to capture energy from waves. MoorPower significantly reduces carbon emissions associated with offshore operations by replacing diesel generation, eliminating the logistical and safety risks of transporting fuel to offshore locations, especially in challenging weather conditions.
Forward commitments
Carnegie is well positioned to capitalise on the global ambition to improve security of energy supply and decarbonise energy production at all levels. At utility scale, project developers and utilities are both aiming to be at the forefront of this emerging technology and are actively looking for the leading companies in the field. Carnegie’s ACHIEVE Programme is deploying a scaled prototype at the Biscay Marine Energy Platform (BiMEP) to progress to open-water deployment. With a key physical demonstration project underway in Europe, Carnegie is in a phase of high visibility which will rapidly build credibility with the supporting agencies and future customers.
Carnegie continues to develop its proprietary technologies, with the expectation of a net decrease in cash from operating activities until it achieves positive cash flow. The company is committed to technological excellence and sustainable development, prioritising responsible innovation, local supply chain participation, and environmental stewardship across its projects.
Attributed to the original announcement excerpt provided by Carnegie Clean Energy.