CARNEGIE CLEAN ENERGY LIMITED For personal use only
ASX ANNOUNCEMENT
23 FEBRUARY 2022
Carnegie Presentation at EuropeWave Conference
Carnegie Clean Energy (ASX: CCE) ("Carnegie" or the "Company") is pleased to announce that it delivered a presentation at the first annual EuropeWave conference (22 February-2 March 2022). The presentation, appended below, outlined the CETO technology, including key features, innovations and an outline of Phase 1 activities under the Programme.
The conference is part of the €20m EuropeWave PCP Programme, where Carnegie, via its wholly owned subsidiary, CETO Wave Energy Ireland Limited, was selected as 1 of 7 finalists to deliver Phase 1 of the Programme. Phase 1 includes delivering the design and tank testing of the new CETO design in Spain. Of the value of €291k (A$463k), this phase commenced on 3rd January 2022 and will run for 7 months.
EuropeWave's first annual conference is an online event, with participants including global renewable energy experts and European Commission officers, to shape the future of the wave energy sector and accelerate its adoption as a leading source of renewable energy.
Carnegie's CEO, Mr Jonathan Fiévez, commented: "We were extremely pleased to enter the EuropeWave PCP Programme and be part of its first annual conference. EuropeWave is a tremendous opportunity to validate and raise awareness of CETO's performance and reliability. Carnegie is at the table with leading wave energy companies and decision-makers,on a mission to accelerate the commercialisation of this incredible renewable energy."
Carnegie's Phase 1 Outline of EuropeWave PCP Programme
Following the conclusion of Phase 1, another rigorous selection process will be conducted, with five companies out of the seven selected for Phase 2, and subsequently, three companies selected for the third and final phase. Carnegie will keep shareholders informed of its progress throughout 2022.
This announcement has been authorised by the Chairman and CEO.
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Phone: +61 8 6168 8400 | www.carnegiece.com | ABN 69 009 237 736
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For more information
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enquiries@carnegiece.com
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ABOUT EUROPEWAVE PCP
With almost €20 million in funding for the 3 phases of the programme, which runs from 2022 to 2026, the EuropeWave PCP is a collaboration between Wave Energy Scotland (WES), a subsidiary of the Scottish Government's Highlands and Islands Enterprise, and the Basque Energy Agency (EVE).
This is part of the EuropeWave project that has received funding from the European Union's Horizon 2020 Research and Innovation Programme under grant
agreement No 883751.
https://www.europewave.eu/
ABOUT CARNEGIE & CETO WAVE ENERGY IRELAND
Carnegie Clean Energy (ASX: CCE) is a technology developer focused on delivering ocean energy technologies to make the world more sustainable. CETO Wave Energy Ireland is a wholly owned subsidiary of Carnegie Clean Energy. Carnegie is the owner and developer of the CETO® and MoorPowerTM technologies, which capture energy from ocean waves and convert it into electricity. Using the latest advances in artificial intelligence and electric machines, Carnegie can optimally control our technologies and generate electricity in the most efficient way possible. The Wave Predictor technology developed by Carnegie uses a proprietary machine learning algorithm to improve the performance of our wave technologies and has additional applications beyond the wave energy industry. The company has a long history in ocean energy with a track record of world leading developments.
https://www.carnegiece.com/
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21 North Mole Drive, North Fremantle WA 6159 | PO Box 39, North Fremantle WA 6159
Phone: +61 8 6168 8400 | www.carnegiece.com | ABN 69 009 237 736
nal use only
Ryan Biggs
Project Manager
CWE Ireland
ACHIEVE
CETO Technology - Key Features
• Technology type: point absorber
only | |
• | Axisymmetric |
• | Multi-moored |
• | Scalable |
• Adapt to various depth | |
• | Submerged |
• | Optimised for LCOE |
use• Survivability | |
nal |
This Project has received funding from the European Union's Horizon 2020
Research and Innovation programme under grant agreement 883751
CETO Technology - Key Innovations
Advanced Controller | Advanced Controller | |||
• | Reinforcement Learning (RL) and | |||
Model Predictive Controller | ||||
(MPC) developed for CETO | state System | |||
• | Include wave predictor | |||
developed by CWE and tested at | ||||
only | ControlAction | |||
IHC | ||||
• Yield >20% compared to passive | ||||
controller | ||||
• MPC will be physically test during | CETO unit | |||
Phase 1 tank testing | ||||
use | functionObjective | |||
nal | This Project has received funding from the European Union's Horizon 2020 | |||
Research and Innovation programme under grant agreement 883751 | ||||
Wave sensor
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Carnegie Clean Energy Limited published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 23:58:01 UTC.
