Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has received a progress payment of €251,100 under the EuropeWave Phase 3 contract.
The EuropeWave contract is part of the ACHIEVE Program, facilitating the first deployment of CETO in Europe.
This contractual payment was received after the EuropeWave Buyers Group reviewed and accepted a project deliverable for the award of over €1 million in procurement contracts for key CETO components.
According to Carnegie, this reflects the expanding supply chain involvement in the ACHIEVE Program and ongoing progress towards deploying CETO at the Biscay Marine Energy Platform (BiMEP) site in the Basque Country.
Initial ACHIEVE procurement contracts have been awarded for several key CETO system components, including mooring connectors from Quoceant, inverters from SEI, and generators from Oswald Elektromotoren.
“Committing to the procurement and fabrication of CETO components is an exciting step towards the ACHIEVE deployment and has involved significant supply chain engagement,” said Carnegie.
The ACHIEVE Program is led by Carnegie’s subsidiaries, CETO Wave Energy Ireland and Carnegie Technologies Spain, under contracts from the EuropeWave Buyers Group and supported by Spanish and Basque government funding. Carnegie will deploy and operate a CETO prototype at the BiMEP, starting in 2025. The unit will operate for two years, gathering data to validate CETO technology and advance commercialization.
In September 2023, EuropeWave selected three finalists to fabricate, deploy, and demonstrate prototype designs in the third and final phase of the wave energy project.
EuropeWave integrates a Pre-Commercial Procurement (PCP) program with the International Energy Agency’s ‘stage-gate’ process to optimize value for public procurement and accelerate wave energy technology development. The project, developed in partnership with Wave Energy Scotland (WES) and Ente Vasco de la Energia (EVE), combines nearly €20 million in funding to advance the wave energy sector.
CETO is a fully submerged, point absorber type wave energy technology device. A submerged buoy sits a few meters below the surface and moves with the ocean’s waves. This orbital motion drives a power take-off (PTO) system that converts this motion into electricity. Carnegie’s wholly-owned subsidiary, Carnegie Technologies Spain, secured a €2.1 million grant in March from the Basque Energy Agency to support deploying the CETO wave energy device at BiMEP.