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
Partner Area
React to this article
 
Latest news
Date Title
<1m ago YRC WORLDWIDE INC.: YRC Freight Implements Network Optimization Plan
<1m ago THE BANK OF NEW YORK MELLON CORPORATION: BNY Mellon Appointed as Depositary Bank by UBIC, Inc.
<1m ago VISHAY INTERTECHNOLOGY: to Showcase Leading MLCCs and Surface-Mount and Wire-Bondable Thin Film Products at IMS 2013
<1m ago EBIX INC: Ebix To Deliver Multimedia Health Content on Bing
<1m ago LINCOLN NATIONAL CORPORATION: May 20, 2013: Lincoln Financial Group Expands Fund Options For Variable Annuities — Added flexibility with Lincoln's ChoicePlus AssuranceSM, American Legacy®
<1m ago BOSTON SCIENTIFIC CORPORATION: Boston Scientific Long Term Data Demonstrate Bronchial Thermoplasty Treatment Benefits Persist Out to Five Years in Patients with Severe Asthma
<1m ago BARCLAYS PLC: Form 8.3 - May Guerney Integrated Services
<1m ago BARCLAYS PLC: Form 8.3 - Costain Group Plc
<1m ago BARCLAYS PLC: Form 8.3 - EURASIAN NATURAL RESOURCES CORP
<1m ago BARCLAYS PLC: Form 8.3 - KIER GROUP
Latest news
Advertisement
Hot News 
IGATE CORPORATION: iGATE Terminates the Employment of President and CEO Phaneesh Murthy; Board Appoints Gerhard Watzinger Interim President and CEO
TRACSIS PLC: 20/05/13 | Holding(s) in Company
HHGREGG, INC.: hhgregg Announces Fourth Fiscal Quarter and Full Year Operating Results and Issues Fiscal Year 2014 Guidance
GREENCORE GROUP PLC: - Half Yearly Report
FLSMIDTH & CO. A/S: initiates DKK 521m share buyback
Most Read News
1h ago Wall Street drifts near record, Home Depot buoys Dow
5h ago FEDERAL NATIONAL MORTGAGE ASSOCIATION: News Release - Recent Slowdown in Economic Growth Likely ...
3h ago YINGLI GREEN ENERGY HOLD. CO. LTD. (ADR): Yingli Green Energy Announces Preliminary Financial Results for First Quarter 2013
2h ago Best Buy sees investments squeezing near-term profits
6h ago MARKS AND SPENCER GROUP PLC: Marks & Spencer says investment to hold back profits
Most recommended articles
3h ago Dollar firms before Bernanke, inflation dip hits sterling
2d ago EDP: EDP/2008 – Flt. Rate Notes due 2018 (Stripped Note Entitlements) - 10th Coupon Interest Payment
4d ago European car sales end losing streak, respite may be brief
4d ago VOLKSWAGEN AG: Volkswagen Group makes stable start to second quarter: Deliveries top three million vehicles* in period to April
5d ago HUMANA INC: Quest Diagnostics Acquires Concentra's Laboratory Business, Enters into Exclusive Services Agreement
Dynamic quotes  
ON
| OFF
Copyright © 2013 Surperformance. All rights reserved.