Carnegie Wave Energy has completed the final pipeline milestone and a progress milestone for the CETO unit component of the Perth Wave Energy Project in Australia.
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.