What happened to Carnegie Wave Energy? The company, which started its life as Carnegie Wave Power, went into voluntary administration in early 2019 after a series of blowouts and losses in former subsidiary microgrid business Energy Made Clean and the last-minute termination of a $16 million project contract planned for WA waters.
What does Carnegie clean energy do? 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.
Where is Carnegie clean energy? Carnegie’s Wave Energy Research Facility is located at Fremantle in Western Australia and consists of an integrated onshore and offshore test facility.
How does CETO technology work? 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.