Renewable Energy Holdings, announced that its thirty one percent owned clean tech wave power manufacturer Carnegie Wave Energy is about ready to launch the initial commercial sized wave energy system in the waters off of Australia. They completed a deed of license between themselves and the Government of the State of Western Australia so they could have the rights to use a region of ocean floor in the waters west of Garden Island in Perth.
Gaining Licensing rights to this area allows Carnegie what they require to facilitate the construction and operation of a full sized single CETO wave power system in order to confirm it has the capability to deliver power at a high performance and will evaluate it for a period of three years.
The company is thrilled with the steps forward thus far, which escalates the proposal and demystifies the project and concept. It will also set the pace for the finalization of the technological growth, which is a required part of the process in order to accomplish commercialized exploitation of the system.
The CETO system is operationally invisible and is anchored to the ocean floor. Underwater buoys force the pump devices, which in turn forcefully pushes the water through a pipeline. It transports it to the shore where it is used to power hydroelectric turbines while producing no emissions. This means it can generate wave power into non polluting electrical current.
The granting of this license means the activity to get this part of the project up and running will be the initial phase of what Carnegies has planned for a five megawatt [5MW] demonstration of it commercial program with support from the state government’s LEED [Low Emissions Energy Department] financial offset program of AUS. $12.5 million.
Renewable Energy Holdings manufactures, generates and commercializes clean energy systems across wind, water and methane capture or collection, solar and hydro electric power production projects on the continents of North America, Australasia and Europe.
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