MoU follows another agreement with New World Energy Solutions for supply of geothermal energy

Carnegie Corporation, a developer of clean energy technologies, has signed a memorandum of understanding (MoU) with the Australian power retailer Synergy setting out the initial obligations on Carnegie and Synergy in relation to the purchase of electricity from the first stage of a wave energy project in the south west of Western Australia.

Carnegie believes that there is sufficient wave energy potential in the waters off the coast of Western Australia to develop wave energy projects harnessing energy from the ocean to generate electricity and/or desalinated water using the CETO wave energy technology.

The CETO system operates discretely and is anchored to the ocean floor. An array of submerged buoys is tethered to seabed pump units. The buoys move altogether with the motion of the passing waves, driving the pumps which in turn pressurize seawater that is delivered ashore via a pipeline.

The high-pressure seawater is used to drive hydro turbines, generating baseload, zero-emission electricity. The high-pressure seawater can also be used to supply a reverse osmosis desalination plant, replacing greenhouse gas emitting pumps usually required for such plants.