Australian wave energy developer Carnegie Clean Energy has received two milestone payments totalling €290,855 under the EuropeWave Phase 3 contract, supporting the company’s ACHIEVE Program and the first European deployment of its CETO wave energy technology.
The payments, made to Carnegie’s wholly owned subsidiary CETO Wave Energy Ireland (CWEI), were said to be unlocked following the completion of project deliverables tied to procurement activities, operations, and maintenance (O&M) planning, and the installation of wave measurement equipment.