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Carnegie Clean Energy

MoorPower takes next step on commercialisation journey

Australian wave power technology company Carnegie Clean Energy has secured new funding to advance the design of a commercial wave energy generation system for offshore applications, starting with the moored vessels used in the aquaculture sector.

Carnegie lands $2.1 million to progress wave power generation project in Spain

Wave energy developer Carnegie Clean Energy reports its subsidiary has received $2 million (USD 1.2 million) from the Spanish government to progress the development of its wave power technology, called CETO.

Carnegie secures more funding for Spain wave energy project

Australian wave energy developer Carnegie Clean Energy has secured more than $545,000 in funding to push forward its plans to deliver and operate a 400 kW version of its ‘CETO’ wave power generation system in waters off the coast of Spain.

Carnegie trials ocean energy technology in offshore setting

Western Australian renewables company Carnegie Clean Energy has launched an offshore trial of its ocean energy generation technology as it seeks to advance the development of a wave converter system specifically designed for offshore energy demand applications.

WA wave energy company wins $6.3 million contract for Spanish coast

Western Australia-based company Carnegie Clean Energy has won a $6.3 million (USD 4 million) contract to deliver and operate a ~400 kW version of its wave energy converter off the Spanish coast by 2025.

WA project seeks to demonstrate ‘almost limitless’ potential of ocean energy

The southern tip of Western Australia will soon be the focus of an ocean energy project which is hoping to match end-users to ocean energy solutions and eventually build a “physical marketplace using an integrated microgrid approach” – though exactly what this involves remains somewhat vague.

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Carnegie’s Garden Island Microgrid back online

Carnegie Clean Energy’s Garden Island Microgid, which supplies energy to the HMAS Stirling Navy Base, has successfully recommenced operations after a brief disconnection period to allow for Navy upgrades to its electricity system.

Carnegie gets $5 million lifeline, bids for liquidated microgrid arm EMC revealed

Following Carnegie Clean Energy’s voluntary administration, the administrators have revealed the bids its solar microgrid arm managed to attract. Meanwhile, a plan to restructure the company’s core wave power business has been approved by creditors, along with a decision to liquidate the EMC business.

Carnegie Clean Energy gets funding lifeline, solar microgrid subsidiary to be sold or wound down

Following months of uncertainty around its financial position, Carnegie Clean Energy and its fully owned subsidiaries went into voluntary administration last week. In its latest statement to ASX, the renewable energy developer says it has struck a deal with one of its directors to provide funding support while administrators attempt to recapitalize its wave power business.

WA government cuts support to Carnegie Clean Energy

After reporting a $45 million loss in its half year results, the troubled renewable energy developer has suffered a new blow. The Western Australia government has terminated the $16 million financial assistance agreement for the Albany wave energy project, noting that unexpected proposal to change Federal Government’s R&D tax incentive scheme contributed to destabilization of the company’s financial position. 

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