Carnegie Clean Energy’s wholly-owned subsidiary CETO Wave Energy Ireland has been selected to receive a contract under the EuropeWave Pre-Commercial Procurement (PCP) programme.
CETO Wave Energy Ireland Limited was selected alongside six other companies to deliver phase one of the programme after meeting the selection criteria, which included the performance, survivability, availability and affordability characteristics of the proposed systems.
Subject to signing contracts, the company will be paid €291,000 to deliver phase one 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 three.
Phase one will commence on 3 January 2022 and run for seven months.
CETO Wave Energy Ireland will deliver phase one with the support of its consortium partner SAITEC Offshore Technologies and subcontractors Yavin Four Consultants, DNV UK, IHCantabria and Julia F Chozas Consulting Engineer.
The final contract is expected to be signed in this month and Carnegie will keep shareholders informed with its progress throughout 2022.
EuropeWave PCP is a stage-gate programme designed to advance promising wave energy converter systems to a point from which they can be developed to commercial exploitation through other national/regional programmes and/or private investment.
Carnegie chief executive Jonathan Fievez said: “We are extremely pleased that our CETO technology was chosen as one of the promising solutions to be advanced through the exciting and innovative EuropeWave PCP Programme.
“The EuropeWave Buyers Group represent great strategic partners.
“Being selected for this contract is a strong third-party validation of the technology we’ve developed and will help us to establish a solid framework for future commercial project investments.
“We are excited to demonstrate the technical and commercial potential of our CETO technology and thrilled to be part of the EuropeWave PCP programme which will show future investors the wealth of exciting opportunities emerging within the wave energy industry.
“Programmes like this show the urgency and the opportunity to drive wave energy and accelerate global efforts towards decarbonisation.
“Wave energy is beginning to gain traction and will complement existing renewables such as wind and solar.
“Harnessing the power of our vast oceans is a vital step in our transition to the use of sustainable clean energy, and to achieve net zero emissions as soon as possible.”
The CETO design to be delivered builds on Carnegie’s Digital Development Pathway and aligns with Carnegie’s plans to progress and validate recent technical achievements.
Performance improvements delivered by Carnegie’s new advanced controllers, already demonstrated via simulations, will be validated in the tank tasking campaign at the Cantabria Coastal and Ocean Basin in Spain during phase one.
If successful in subsequent phases, the innovations delivered in the Digital Development Pathway and EuropeWave PCP phases one and two would be demonstrated and validated via a CETO prototype deployment at EMEC or BiMEP in phase three.
Following the conclusion of phase one, another selection process will be conducted, with five companies out of the seven selected for phase two, and subsequently, three companies selected for the third and final phase.
Each company involved will retain ownership of the intellectual property, the results and any physical models, prototypes or other test pieces produced during the PCP.