Carnegie Clean Energy is the owner and developer of the CETO and MoorPower technologies, which capture energy from ocean waves and convert it into electricity. We use the latest advances in artificial intelligence and electric machines to optimally control the device and generate electricity in the most efficient way possible. Carnegie has a long history in ocean energy with a track record of world leading developments.
Carnegie is listed on the Australian Stock Exchange (ASX) under the code CCE with more than 10,000 shareholders. Headquartered in Fremantle, Western Australia, Carnegie’s reach is international with subsidiaries in the UK and Ireland.
Carnegie is a leader in wave energy technology with over 10 years of experience including tank testing, rapid small-scale prototyping and large commercial scale prototypes and arrays. Carnegie has been delivering projects to build capability, demonstrate performance and generate valuable data. Recent development work is unlocking the potential of artificial intelligence, increasing computational power and advanced electrical machines to deliver significant improvements in cost and performance.
Named after a Greek sea goddess, Carnegie’s CETO technology offers the potential to revolutionise renewable power production globally. CETO harnesses the enormous untapped energy present in our ocean’s waves and converts it into grid-ready electricity for a range of global markets. CETO 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. This orbital motion drives a power take-off (PTO) system that converts this motion into electricity.
The Carnegie team is currently completing its CETO Digital Development programme, an internal technology improvement project to create a step-change in performance and cost reduction. This work is delivering an optimised design that uses machine learning, an advanced electric power take-off, new hydrodynamic techniques and improved system configuration.
In response to the clean energy challenges faced by offshore demand applications, Carnegie has developed the MoorPower technology, a spin-off that incorporates core aspects of Carnegie’s CETO technology and know-how into a novel wave energy converter system for use in offshore energy demand applications. The first market for this product would be aquaculture barges and vessels that require energy for electrical loads operating offshore. Carnegie’s new MoorPower product addresses the challenge of securing clean and reliable energy offshore and replaces the diesel generation otherwise required (and its many associated costs, risks and carbon emissions).
Carnegie’s technical team are world class engineers and scientists with a passion for technology, renewable energy and sustainability.
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