The company’s milestone claims for $1.07m for completion of two milestones were approved by the Western Australian State Government under the LEED Grant.

Carnegie has also submitted milestone payment claims worth $2.09m for the completion of these milestones to the Australian Government under its grant from the Australian Renewable Energy Agency (ARE NA) Emerging Renewables Program.

Australia-based Carnegie is the 100% owner and developer of the CETO Wave Energy Technology intellectual property.