CETO Wave Energy Ireland receives ‘milestone’ EuropeWave payment

Carnegie Clean Energy’s subsidiary, CETO Wave Energy Ireland (CWEI), has secured a milestone payment of €203,437 under the EuropeWave Phase 3 contract. 

According to Carnegie, the funding recognizes the completion of design reports for the company’s CETO wave energy converter (WEC), marking an important step toward its 2025 deployment at the Biscay Marine Energy Platform (BiMEP) in the Basque Country.

The design reports, reviewed and accepted by the EuropeWave Buyers Group, detail specifications for core components of the CETO system, including the power take-off (PTO) unit, control system, electrical system, mooring, and foundation. 

Carnegie’s engineering team collaborated with key contractors and suppliers to finalize these critical elements as part of the ACHIEVE Program, the company noted.

“The accepted design reports provide detailed specifications for key components of the CETO wave energy converter, including the power take-off unit, control system, electrical system, mooring and foundation,” the company said.

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 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.

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.

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.

In August, Carnegie Clean Energy, through CWEI, received a progress payment of €251,100 under the EuropeWave Phase 3 contract.