Carnegie Wave Energy : Australian Federal Minister Unveils CETO Units

• Federal Energy Minister unveils CETO 5 Buoyant Actuators

• CETO unit assembly and onshore testing phase underway

The CETO 5 Buoyant Actuators were unveiled today by the Hon Ian Macfarlane MP, Federal Energy Minister, and Ivor Frishknecht, CEO of ARENA, the Federal Government renewable energy funding body. The buoys were recently delivered to BAE Systems to commence the assembly and pre-installation testing phase of the CETO units prior to installation off Garden Island in the coming months.

During his unveiling speech Mr Macfarlane described Carnegie Wave Energy's technology as

"one of the most exciting forms of renewable energy".

"Australia is fortunate to have access to a diverse energy mix, including renewables," Mr Macfarlane said. "The project at Carnegie Wave Energy is a great example of Australian ingenuity. Carnegie has shown long-term commitment to the development of this technology. I'm delighted that they are now at the business end of the process. Once it's developed on a larger scale, this type of alternative energy source will play a role in helping to lower carbon emissions, both in Australia and in other countries."

Dr Ottaviano said: "We are delighted today to have the Minister unveil these buoys, which represent the pointy end of the Perth Wave Energy Project. More than $70 million has been invested in commercialising this technology and now the finish line is in sight".

Mr Frischknecht said, "ARENA is very pleased to be supporting this vital project with $13.1 million funding."

The three Buoyant Actuators are now being fitted out with instrumentation and energy relief systems ahead of assembly to the tethers, pumps and foundation connectors. The units form the proprietary wave energy collection system of Carnegie's flagship Perth Wave Energy Project which will be commissioned in the coming months off Garden Island in Western Australia. The

Project will supply power and water to the Australian Department of Defence for use at HMAS Stirling, Australia's largest naval base, located on Garden Island.

Once commissioned, the Perth Wave Energy Project will be the first operating wave energy array project in the world and the first to produce both clean energy and freshwater.

For more information:

Dr Michael Ottaviano Richard Allen
CEO & Managing Director Oxygen PR
Carnegie Wave Energy Limited richard@oxygenpr.com.au
+61 8 9486 4466 +61 3 9915 6341 www.carnegiewave.com

Carnegie Wave Energy Limitedis an Australian, ASX-listed (ASX:CWE) wave energy technology developer. Carnegie is the 100% owner and developer of the CETO Wave Energy Technology intellectual property.

The CETO system is different from other wave energy devices as it operates under water where it is safer from large storms and invisible from the shore. Fully submerged buoys are tethered to seabed pump units. These buoys move with the motion of the passing waves and drive the pumps. The pumps pressurise fluid which is then used to drive hydro turbines and generators to produce electricity.
CETO technology characteristics include:

• Converts ocean wave energy into zero-emission electricity and desalinated water.

• Environmentally friendly, has minimal visual impact and attracts marine life.

• Fully-submerged in deep water, away from breaking waves and beachgoers, and unaffected by storms.

• Upon completion, PWEP will be the first commercial-scale CETO grid and desalinated water connected wave energy project.

• The Perth Wave Energy Project is supported by $13.1m in Australian Government funding through the Australian Renewable Energy Agency's Emerging Renewables Program.

• PWEP is supported by $7.3 million from the Government of Western Australia's Low Emissions Energy Development (LEED) Fund. This is part of a larger $10 million LEED grant, awarded to Carnegie by the Western Australian Government, to support the development of the CETO technology from concept through to completion of PWEP.

• The Desalination Pilot is supported by a $1.27m AusIndustry grant from the Clean Technology

Innovation Program.

• Providing clean, renewable energy and potable desalinated water to Australia's largest naval base, HMAS Stirling, on Garden Island in Western Australia.

The CETO 5 technology being utilised in the Perth Wave Energy Project (PWEP) is configured to utilise the CETO pumps to pressurise water and deliver it onshore via an underwater pipe. Then, onshore,
high-pressure water is used to drive hydroelectric turbines, generating zero-emission electricity. The high-pressure water can also be used to supply a reverse osmosis desalination plant, replacing or reducing reliance on greenhouse gas-emitting, electrically-driven pumps usually required for such plants.

The CETO 6 unit will have a 1MW (1000kW) power capacity, some four times of the current CETO 5 generation being used in the Perth Project. It will also have superior efficiency, lower capital cost and reduced maintenance costs for sites where the array is located far from shore or in deeper water. CETO
6 will also incorporate the configuration option for the power generation system to be moved offshore and subsea rather than solely onshore as with the current CETO 5 generation. This option allows CETO to take advantage of deeper, more distant to shore wave resources which significantly increases the size of the commercial market for CETO.

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