Carnegie Clean Energy subsidiary CETO Wave Energy Ireland has now formally entered a contract under the EuropeWave Pre-Commercial Procurement (PCP) programme.
EuropeWave PCP is stage-gate programme designed to advance wave energy converter systems to a point from which they can be developed for commercial exploitation through other national/regional programmes and/or private investment.
CETO Wave Energy Ireland was selected alongside six other companies to deliver Phase 1 of the programme after meeting rigorous selection criteria.
This included the performance, survivability, availability and affordability characteristics of the proposed systems.
The Company will be paid €291k to deliver required Phase 1 activities including undertaking tank testing and delivering a CETO concept design for deployment at the open-water facilities of the Biscay Marine Energy Platform (BiMEP) in the Basque Country and the European Marine Energy Centre (EMEC) in Scotland in Phase 3.
Phase 1 commenced on 3rd January 2022 and will run for 7 months.
With almost €20m in funding for the 3 phases of the programme, which runs from 2022 to 2026, the EuropeWave PCP is a collaboration between Wave Energy Scotland (WES), a subsidiary of the Scottish Government’s Highlands and Islands Enterprise, and the Basque Energy Agency (EVE).
Carnegie’s chief executive Jonathan Fiévez said: “This is an exciting and leading global project to accelerate the adoption of wave energy technology as a major source of renewable energy.
“We were extremely pleased to commence the EuropeWave PCP Programme in January 2022 and have been making excellent progress.
“Already, wave and geological site data from BiMEP and EMEC has been reviewed, Drive Train and Controller hardware for the tank test has been procured and the techno-economic assessments to optimise device scale have been completed.
“The CETO design to be delivered in Phase 1 builds on our Digital Development Pathway and aligns with our plans to progress and validate recent technical achievements.
“We look forward to working with our partners in 2022 to demonstrate the technical and commercial potential of our CETO technology.”
Following the conclusion of Phase 1, another rigorous selection process will be conducted, with five companies out of the seven selected for Phase 2, and subsequently, three companies selected for the third and final phase.