Carnegie wave energy technology wins EU funds

West Australian-based wave energy firm Carnegie Wave Energy will use a University of Edinburgh wave testing facility for its CETO 6 technology, after achieving financing from the European Union (EU).

Carnegieโ€™s CETO technology uses fully submerged buoys to produce power that is transferred onshore, where hydroelectric turbines generate electricity, as reported by Energy Business News.

Carnegie currently employs its CETO 5 technology at the Perth Wave Energy Project in WA, however the company is now testing its new generation CETO 6 technology, which offers more than double the power capacity of its predecessor.

Testing of the CETO 6 unit will be carried out at the University of Edinburghโ€™s wave testing facility, which recreates ocean conditions including waves and currents, but in a controlled environment, as reported by Energy Business News.

In January, Carnegie announced it had shortlisted four sites around the world โ€“ two in Australia and two overseas โ€“ for new tidal energy projects and was exploring funding opportunities.

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