Carnegie Wave Energy : to collaborate with Bosch Rexroth and wave energy developers

 Collaboration aimed at developing standard offshore power production system

 Major European power industry players Bosch Rexroth and utility ESB join

 Carnegie teams with UK-based wave developers

The collaboration brings together Carnegie's UK subsidiary, CWE UK, with Bosch Rexroth, Irish utility ESB, Aquamarine Power, Albatern and Manchester University spin- off M4M. ESB is also developing the European-funded Westwave wave project off the west coast of Ireland.
The WavePOD (Wave Power Offtake Device) aims to provide a commercial solution for the common need to create a standardised, self-contained offshore electricity generator for the wave industry to transform linear motion into electrical energy. It comprises a hydraulically driven generator system housed in a watertight enclosure which generates electrical power which is then cabled back to shore.
Carnegie's Chief Technology Officer, Jonathan Fiévez said: "The WavePOD project provides a promising opportunity for the development of a more cost effective and reliable power production system supported by a leading European equipment manufacture in Bosch Rexroth. As with our collaboration with tidal technology developer, Atlantis Resources, Carnegie is a supporter of deeper cooperation between developers and equipment manufacturers."
Commenting on the project, ocean technology specialist at Bosch Rexroth, Louis Verdegem, said: "Creating a way of converting kinetic energy into electricity is essential if we are to effectively harness the power of waves. Through this collaboration we expect the use of standardised components and system architectures to accelerate learning and propel the industry forward. By taking this new approach we're hoping to provide a solution not just for individual developers, but for the wave energy industry as a whole. Not only will this make the most efficient use of public and private finance, but also help to accelerate the sector to economic maturity as quickly as possible and reduce the cost and risk to the individual device developer."
The pan-industry initiative has been welcomed by trade body Ocean Energy Europe. Their Chief Executive Officer Dr Sian George said: "If Europe is to turn its advantage in ocean energy technologies into a new industrial sector, collaboration will be key. The WavePOD project provides a vehicle for ocean energy developers from all over Europe to work together and tackle problems in an efficient and cost effective way."

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. The technology is capable of generating power onshore or offshore depending upon the specific characteristics of a project site.

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.

 The Project comprises the design, construction, deployment and demonstration of three CETO 6 units in a grid-connected, up to 3MW peak installed capacity wave energy project at Garden Island, Western Australia.

 The CETO 6 Project is supported by $11m in Australian Government funding through the

Australian Renewable Energy Agency's Emerging Renewables Program.

 The CETO 6 Project is supported by a five year $20 million loan facility from the Australian

Clean Energy Finance Corporation.

 Utilises Carnegie's fully submerged and commercially proven CETO wave energy device.

 The clean, renewable energy generated by the Project will be sold to the Australian Department of Defence at Australia's largest naval base, HMAS Stirling, on Garden Island in Western Australia.

For more information:

Dr Michael Ottaviano

CEO & Managing Director

Carnegie Wave Energy Limited

+61 8 9486 4466 enquiries@carnegiewave.comWebsite: www.carnegiewave.com

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