Carnegie Clean Energy has signed a Memorandum of Understanding with Chugachmiut to explore the development of its CETO wave energy technology in the Chugach Region of South Central Alaska.
Chugachmiut, a company dedicated to serving the seven Native tribes in the Chugach Region, is exploring the potential for wave energy to provide clean, affordable, and reliable electricity to tribes within their service region.
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In their search for solutions, the Chugachmiut team found the CETO wave energy technology. The MoU formalises ongoing discussions and demonstrates the parties’ commitment to active collaboration towards the deployment of wave energy in the region.
A report by the US Bureau of Ocean Energy Management (BOEM) highlights the vast renewable energy opportunity in Alaskan offshore waters with an estimated 3.8GW of potential wind, wave, and tidal energy resource capacity.
Alaska derives approximately 30% of its electricity from renewable sources, primarily hydropower. The rest comes from fossil fuels, however, the costs are high in rural areas due to the need to transport fuel for diesel generators.
Together, Carnegie and Chugachmiut will explore the technical and commercial pathways needed to progress the deployment of CETO in the region, including potential activities such as wave buoy deployments, bathymetric surveys, local infrastructure review and development, stakeholder engagement, and securing project funding.
Carnegie CEO Jonathan Fievez said, “The relationship formalised in this MoU reflects Carnegie’s business model to provide our wave energy technology to renewable energy project developers and owners globally.
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“We are thrilled to have passionate partners like Chugachmiut approaching us with a vision to deploy CETO in their communities. We look forward to continuing to deepen our understanding of their needs and exploring how CETO can bring sustainable and secure energy to the Chugach Region.
“With wave energy a globally distributed resource, there are so many cities and remote communities worldwide where CETO can support the energy transition, and we look forward to supporting project owners and developers worldwide.”
