Spec Buy - The Australian's Criterion
Carnegie shares have been firming since last month's commissioning of the CETO 5 unit.
Investors swamp Carnegie (105Kb)
Moves by emerging renewable power player Carnegie Wave Energy to tap the market have been rewarded after investors overwhelmingly back its latest capital raising.
Several kilometres off the coast near Perth in Western Australia, hidden beneath the waves and out of sight of watchful boaters, three giant buoys will soon begin producing electricity as they bob to the rhythm of the Indian Ocean.
Green Fields (761Kb)
Fitzpatrick owns about 8 per cent of CWE, making his 88 Green Ventures vehicle the largest single shareholder. He is cautiously hopeful about the new technology, which is attracting attention internationally.
ABC News (YouTube)
Carnegie’s Managing Director Dr. Michael Ottaviano talks to ABC about the challenges new technologies face, the Perth Wave Energy Project and the wave energy sector.
ABC News (YouTube)
Carnegie’s Managing Director Dr. Michael Ottaviano talks to ABC about the Perth Wave Energy Project and the wave energy sector
Carnegie Heading to Wave Hub (349Kb)
Carnegie Wave Energy has signed a commitment agreement to secure the final berth at Wave Hub, the offshore renewable test facility in Cornwall, to demonstrate its next generation wave technology.
Final Wave Hub Berth Secured (358Kb)
Through its UK arm, CETO Wave Energy UK (CWE UK), it plans to deploy a 3MW array of its next generation 1MW CETO 6 technology in 2016, with the option to expand to 10MW.
Hayle Wave Hub: Carnegie Wave Energy to use seabed 'socket'(204Kb)
Carnegie's UK arm, CETO Wave Energy UK, said it hoped to produce 3 megawatts (MW) of power with the option of expanding it to 10MW later.
WA firm making global waves in renewable energy as it works towards world-first (196Kb)
Carnegie Wave Energy is aiming to become the first company to commercialise a viable wave energy technology capable of producing high availability power and freshwater.