Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/28/2013 | 09:14am CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
10:43p CROSSAMERICA PARTNERS LP : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
10:43p GOLDMAN SACHS BDC, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
10:43p Fitch Affirms Xylem's IDR at 'BBB'; Outlook Stable
10:43p DEADLINE ALERT : Law Offices of Howard G. Smith Reminds Investors of the Upcoming October 7th Deadline in the Class Action Lawsuit Against Embraer S.A.
10:41p Wall Street climbs in wake of first presidential face-off
10:41p Lundin Law PC Announces Securities Class Action Lawsuit against American Renal Associates Holdings, Inc. and Reminds Investors with Losses to Contact the Firm
10:41p Western Refining to Participate in the Deutsche Bank 24th Annual Leveraged Finance Conference
10:41pDJGold Lower as Trump Presidency Seems Less Likely After Debate
10:41p AMERICAN RENAL ASSOCIATES HOLDINGS INC : Lundin Law PC Announces Securities Class Action Lawsuit against American Renal Associates Holdings, Inc. and Reminds Investors with Losses to Contact the Firm
10:40p PRESS RELEASES : U.S. Special Envoy for Climate Change Travel to Paris
Latest news
Advertisement
Hot News 
4.81%CARNIVAL : Boosts Guidance as Its Profit Increases 17% -- WSJ
-18.92%CAESARS ENTERTAINMENT : Creditors Reach Restructuring Deal
-0.86%A G BARR : AG Barr to cut about 10 percent of workforce, on track to cut sugar content
-1.30%Wolseley to cut up to 800 jobs in tough British market
1.73%AHEAD OF THE TAPE : Nike Can Regain Its Stride After Results -- WSJ
Most Read News
09/26 Disney, Microsoft among possible Twitter suitors
02:34a WELLS FARGO : U.S. Labor Department launches review of all Wells Fargo complaints
07:42a VOLKSWAGEN : says finances robust after media report knocks shares
10:40a SAMSUNG ELECTRONICS : recovers around 60 percent of recalled Note 7s in South Korea, U.S., Europe
02:48aDJDeutsche Bank Hit By Financial Fears -- WSJ
Most recommended articles
09/26Predicting the U.S. Elections With The WMA Trump/Clinton Barometer
04:41pDJGold Lower as Trump Presidency Seems Less Likely After Debate
04:38p Electric car tipping point may challenge pioneers
04:38p Nike's forecast for future orders misses estimate
04:30pDJJPMORGAN CHASE : J.P. Morgan Chase Names Thasunda Duckett New Head of Consumer Bank -- Memo