Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Department of Finance and Deregulation - Australia : World-First Wave Energy Technology to Reduce Emissions and Electricity Use

02/28/2013 | 03:14am US/Eastern
Recommend:
0

The Hon Gary Gray AO MP
Special Minister of State
Minister for Public Service and Integrity
Federal Member for Brand
The Hon Greg Combet AM MP
Minister for Climate Change and Energy Efficiency
Minister for Industry and Innovation

GG 15/13
28 February 2013

World-First Wave Energy Technology to Reduce Emissions and Electricity Use

The Gillard Labor Government will invest revenue from the carbon price to support Western Australia's Carnegie Wave Energy Limited in trialling a project to power desalination plants with wave energy.

This world-first project will use the power of ocean waves to directly drive high pressure desalination pumps at a pilot-scale desalination plant, substantially reducing emissions and electricity consumption.

Federal Minister for Industry and Innovation, Greg Combet, and Special Minister of State, Gary Gray, announced a grant of $1.27million from the Gillard Government's Clean Technology Innovation Program to support the $2.5million project.

"Contrary to the hysteria from Tony Abbott, the Gillard Government and businesses are working together to invest in renewable energy projects that will cut carbon pollution and make Australia more competitive," Mr Combet said.

"Carnegie Wave Energy's innovative wave-energy project is an example of how Australian businesses are leading the way to cut power bills and prepare for a low carbon economy."

The desalination plant will be co-located on Garden Island with the power station. The $31.2million power station is being supported by a $9.9million grant from the Australian Renewable Energy Agency.

Mr Gray congratulated Carnegie Wave Energy for another world leading project.

"Carnegie Wave Energy is already in partnership with the Gillard Government to supply power to HMAS Stirling through its Wave Energy Project at Garden Island and I am pleased we are expanding our partnership by supporting this desalination project," said Mr Gray.

"The company will deploy its existing CETO technology to harness the power of waves off Garden Island to drive the desalination pumps on the Island to make sea water drinkable.

"This world-first process has the potential to reduce the electricity consumption of traditional desalination plants by up to 90 per cent."

Carnegie Wave Energy Carnegie Wave Energy Chief Operating Officer Greg Allen said the Company's CETO system deploys fully submerged buoys which are tethered to pump units on the seabed.

"These buoys move with the motion of passing waves, pressurising water that is delivered onshore to drive the hydraulic motor and pumping system for the desalination plants," Mr Allen explained.

"Together, the wave powered power station and desalination plant on Garden Island will produce power and clean, drinkable water for the Navy. The Garden Island site will enable us to demonstrate the technology to organisations interested in developing wave powered power stations and desalination plants throughout the world."

The Clean Technology Innovation Program funding will assist in the design and development of the seawater intake and brine discharge system; control instrumentation; and hydraulic system interface to enable integration with a traditional desalination facility.

The $200 million Clean Technology Innovation Program provides grants to innovative businesses to help them develop new clean technologies.

The Clean Technology Innovation Program is an important part of the Gillard Government's plan for a Clean Energy Future. It will help create new business opportunities, new industries and new jobs.

The Program provides grants of between $50,000 and $5 million.

Applications are accepted on a continuous basis and potential applicants should visit ausindustry.gov.au.
Media Contact: Phone:
Minister Gray's Office - John Arthur 0408 991 261
Minister Combet's Office 02 6277 7920
distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago AIRBUS : Lufthansa won't fly Airbus 380 to Mumbai for now
<1m ago ASTRAZENECA : FDA Approves MOVANTIK (naloxegol) Tablets
<1m ago NETFLIX : And Legendary Television To Make Love, A Fresh, Funny New Original Series From Judd Apatow, Paul Rust And Lesley Arfin
<1m ago SUGARLANDS DISTILLING COMPANY : ’s MoonShare Program to Benefit Non-Profits Nationwide
<1m ago BRUSTER&RSQUO;S REAL ICE CREAM : Brings on Corey Bradley as New Vice President of Franchise Development
<1m ago RESEARCH AND MARKETS : Opportunity Assessment for Composites in the Global Boating Industry 2014-2019 Featuring Ashland, DSM, Hexcel, Owens Corning, PPG & Reichhold
<1m ago AT&T : U.S. CEOs gloomier about hiring, spending plans: survey
1m ago UKAI : Tapi River front re-opened for public
1m ago DIVERSE INCOME : Notes Progress In Investing C Share Pool
1m ago TORONTO DOMINION BANK : TD Bank's outgoing CEO urges tighter Canada lending rules
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : HELPING HANDSET ; Dixons jobs for Phones4u staff in its stores as ex-boss warns of price rises
THALASSA : Revenue Jeopardised By EU Sanctions Against Russia
CRANEWARE : Ups Dividend As Profit Rises In Improving US Market
GLIMCHER REALTY : Other Events (form 8-K)
TLA WORLDWIDE : *numis raises tla worldwide price target to 55 (52) pence - 'buy'
Most Read News
1d ago GENERAL MOTORS : Exclusive: U.S. safety chief raps GM's 'flawed' culture on recalls
1d ago APPLE : releases tool to remove free U2 album
1d ago CONVERSANT : SHAREHOLDER ALERT: Brower Piven Announces Investigation Of Conversant, Inc. In Connection With The Proposed Sale Of The Company To Alliance Data Systems Corporation
1h ago Orange offers to buy Spain's Jazztel for 3.4 bln euros
1d ago Germany's ZF to take over TRW Automotive for $13.5 billion
Most recommended articles
<1m ago AT&T : U.S. CEOs gloomier about hiring, spending plans: survey
<1m ago TORONTO DOMINION BANK : TD Bank's outgoing CEO urges tighter Canada lending rules
6m ago Freshfields recruits veteran M&A partner from Shearman & Sterling
14m ago TSX edges lower as investors eye Fed meeting
14m ago EXCLUSIVE - UBM NEAR $900 MILLION DEAL FOR TRADE SHOW RIVAL ADVANSTAR : sources
Dynamic quotes  
ON
| OFF